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Exhibit 6A-6 Consumer Equilibrium

Question 75

Multiple Choice

Exhibit 6A-6 Consumer equilibrium
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Exhibit 6A-6 Consumer equilibrium ​ Given the budget lines and indifference curves shown in Exhibit 6A-6, if the budget line shifts, then the equilibrium points X and Y: A) result from a decrease in the price of good X. B) result from a decrease in the consumer's budget. C) are two points along a downward sloping demand curve for good X. D) result from a decrease in the price of good Y.
Given the budget lines and indifference curves shown in Exhibit 6A-6, if the budget line shifts, then the equilibrium points X and Y:


A) result from a decrease in the price of good X.
B) result from a decrease in the consumer's budget.
C) are two points along a downward sloping demand curve for good X.
D) result from a decrease in the price of good Y.

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