Solved

In an Indifference Curve/budget Line Diagram,generally When the Price of a Good

Question 119

Multiple Choice

In an indifference curve/budget line diagram,generally when the price of a good increases,the consumer purchases


A) less of the good and moves to a lower indifference curve.
B) less of the good and moves to a higher indifference curve.
C) more of the good and moves to a higher indifference curve.
D) more of the good and moves to a lower indifference curve.
E) the same amount of the good and moves to a higher indifference curve.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions