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-The Figure Illustrates Elijah's Preferences

Question 102

Multiple Choice

-The figure illustrates Elijah's preferences. He is currently at point A. The price of pizza decreases. The move from point A to point ________ is the substitution effect and the move from point ________ to point ________ is the income effect. A) B; B; C B) E; E; C C) D; D; B D) C; C; B
-The figure illustrates Elijah's preferences. He is currently at point A. The price of pizza decreases. The move from point A to point ________ is the substitution effect and the move from point ________ to point ________ is the income effect.


A) B; B; C
B) E; E; C
C) D; D; B
D) C; C; B

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