Multiple Choice
Figure 21-3
-Refer to Figure 21-3.Assume that a consumer faces both budget constraints in graph (a) and graph (b) on two different occasions.If her income has remained constant,what has happened to prices
A) The price of X in graph (a) is higher than the price of X in graph (b) .
B) The price of Y in graph (a) is higher than the price of Y in graph (b) .
C) The prices of both X and Y are lower in graph (a) .
D) The prices of both X and Y are lower in graph (b) .
Correct Answer:
Verified
Correct Answer:
Verified
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