Multiple Choice
Use the following to answer questions:
Figure: The Optimal Consumption Bundle
-(Figure: The Optimal Consumption Bundle) Look at the figure The Optimal Consumption Bundle. Which of the following could lead to an optimal consumption bundle on indifference curve I3?
A) a decrease in income
B) an increase in the price of restaurant meals
C) a decrease in the price of rooms
D) an increase in the price of rooms
Correct Answer:

Verified
Correct Answer:
Verified
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