Multiple Choice
An indifference map can be used to find a demand curve for a consumer.Given an initial equilibrium point,to find a demand curve for good X,change the:
A) consumer's income and draw a new budget constraint.
B) price of Y and draw a new budget constraint.
C) consumer's preferences.
D) price of X and draw a new budget constraint.
E) price of a substitute and draw a new budget constraint.
Correct Answer:
Verified
Correct Answer:
Verified
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