Multiple Choice
According to the following figure,the movement from point (4,3) to point A is a function of ________,while the subsequent movement from point A to point (2,3) results from ________.
A) an increase in the price of pizza; a decrease in the price of Pepsi
B) a decrease in the price of pizza; an increase in the price of Pepsi
C) a combination of the substitution and real-income effects; a decrease in the price of pizza
D) the substitution effect alone; the real-income effect alone
E) the real-income effect alone; the substitution effect alone
Correct Answer:

Verified
Correct Answer:
Verified
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