Multiple Choice
Figure 5-13
- According to Figure 5-13, if the price of good X falls, the optimal combination will move
A) from U 1 to a point on a higher indifference curve, such as U 3 .
B) from U 2 to a point on a higher indifference curve, such as U 3 .
C) from U 1 to a point on a higher indifference curve, such as U 2 .
D) from U 2 to a point on a higher indifference curve, such as U 1 .
Correct Answer:

Verified
Correct Answer:
Verified
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