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-In an Indifference Curve/budget Line Diagram, Generally When the Price

Question 413

Multiple Choice

-In an indifference curve/budget line diagram, generally when the price of a good increases, the consumer purchases ________ of the good and moves to a ________ indifference curve. A) less; lower B) less; higher C) more; lower D) more; higher
-In an indifference curve/budget line diagram, generally when the price of a good increases, the consumer purchases ________ of the good and moves to a ________ indifference curve.


A) less; lower
B) less; higher
C) more; lower
D) more; higher

Correct Answer:

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