Multiple Choice
Use the following figure to answer the question : Figure 12-3 : shows the indifference curves U1 and U2 of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.
-Refer to Figure 12-3.What is the amount of entry fee the club is charging the consumer?
A) OZ
B) IA
C) OI
D) OA
Correct Answer:

Verified
Correct Answer:
Verified
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