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Use the Following Figure to Answer the Question : Figure

Question 8

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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.
Use the following figure to answer the question : Figure 12-3 :  shows the indifference curves U<sub>1</sub> and U<sub>2</sub> 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.The price of a court hour to the consumer,in terms of other goods,is: A) OI/OZ. B) OI/BZ. C) OI/OB. D) AI/BZ.
-Refer to Figure 12-3.The price of a court hour to the consumer,in terms of other goods,is:


A) OI/OZ.
B) OI/BZ.
C) OI/OB.
D) AI/BZ.

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