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-Use the Above Figure

Question 321

Multiple Choice

  -Use the above figure. When the budget line rotates from  c  to  b  A)  the price of product J increases and the quantity demanded of product J decreases. B)  the price of product J decreases and the quantity demanded of product J increases. C)  the price of product K increases and the quantity demanded of product K decreases. D)  the price of product K decreases and the quantity demanded of product K increases.
-Use the above figure. When the budget line rotates from "c" to "b"


A) the price of product J increases and the quantity demanded of product J decreases.
B) the price of product J decreases and the quantity demanded of product J increases.
C) the price of product K increases and the quantity demanded of product K decreases.
D) the price of product K decreases and the quantity demanded of product K increases.

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