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    Principles of Economics Study Set 3
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    Exam 21: The Theory of Consumer Choice
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    Figure 21-3 In Each Case,the Budget Constraint Moves from BC-1 to BC-2
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Figure 21-3 In Each Case,the Budget Constraint Moves from BC-1 to BC-2

Question 165

Question 165

Multiple Choice

Figure 21-3
In each case,the budget constraint moves from BC-1 to BC-2. Figure 21-3 In each case,the budget constraint moves from BC-1 to BC-2.         -Refer to Figure 21-3.Which of the graphs in the figure could reflect a decrease in the prices of both goods? A)  graph a B)  graph b C)  graph c D)  None of the above is correct. Figure 21-3 In each case,the budget constraint moves from BC-1 to BC-2.         -Refer to Figure 21-3.Which of the graphs in the figure could reflect a decrease in the prices of both goods? A)  graph a B)  graph b C)  graph c D)  None of the above is correct. Figure 21-3 In each case,the budget constraint moves from BC-1 to BC-2.         -Refer to Figure 21-3.Which of the graphs in the figure could reflect a decrease in the prices of both goods? A)  graph a B)  graph b C)  graph c D)  None of the above is correct. Figure 21-3 In each case,the budget constraint moves from BC-1 to BC-2.         -Refer to Figure 21-3.Which of the graphs in the figure could reflect a decrease in the prices of both goods? A)  graph a B)  graph b C)  graph c D)  None of the above is correct.
-Refer to Figure 21-3.Which of the graphs in the figure could reflect a decrease in the prices of both goods?


A) graph a
B) graph b
C) graph c
D) None of the above is correct.

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