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-Use the Above Figure

Question 3

Multiple Choice

-Use the above figure. Last week Joe consumed combination B of goods X and Y. This week he purchased combination A. The reason for this change is that the A) price of good X has increased. B) price of good X has decreased. C) price of good Y has decreased. D) price of good Y has increased.
-Use the above figure. Last week Joe consumed combination "B" of goods "X" and "Y." This week he purchased combination "A." The reason for this change is that the


A) price of good X has increased.
B) price of good X has decreased.
C) price of good Y has decreased.
D) price of good Y has increased.

Correct Answer:

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