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Figure 21-7 -Refer to Figure 21-7.Which Effect Would Cause the Shift from Cause

Question 61

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Figure 21-7
Figure 21-7 -Refer to Figure 21-7.Which effect would cause the shift from point B to point C A) the substitution effect of an increase in the price of potato chips B) the income effect of an increase in the price of potato chips C) the substitution effect of a decrease in the price of potato chips D) the income effect of a decrease in the price of potato chips
-Refer to Figure 21-7.Which effect would cause the shift from point B to point C


A) the substitution effect of an increase in the price of potato chips
B) the income effect of an increase in the price of potato chips
C) the substitution effect of a decrease in the price of potato chips
D) the income effect of a decrease in the price of potato chips

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