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Figure 21-3 in Each Case, the Budget Constraint Moves from BC-1 to BC-1

Question 167

Multiple Choice

Figure 21-3
In each case, the budget constraint moves from BC-1 to BC-2. Figure 21-3 In each case, the budget constraint moves from BC-1 to BC-2.   -Refer to Figure 21-3. Which of the graphs in the figure could reflect a simultaneous decrease in the price of good X and increase in the price of good Y? A)  (ii)  only B)  (iii)  only C)  (ii)  or (iv)  only D)  None of the above is correct.
-Refer to Figure 21-3. Which of the graphs in the figure could reflect a simultaneous decrease in the price of good X and increase in the price of good Y?


A) (ii) only
B) (iii) only
C) (ii) or (iv) only
D) None of the above is correct.

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