FIGURE 6- 9
-Refer to Figure 6- 9.In part (i),the line joining points A,B,and C is known as ,which shows how .
A)an income- consumption line; consumption changes with changing relative prices and constant income
B)a price- consumption line; consumption changes as relative prices change,with money income constant
C)a price- consumption line; consumption changes as money income and relative prices change
D)an income- consumption line; consumption changes as income changes,with relative prices held constant
E)an indifference map; the value of various combinations of two goods changes

Question

FIGURE 6- 9 
-Refer to Figure 6- 9.In part (i),the line joining points A,B,and C is known as ,which shows how .
A)an income- consumption line; consumption changes with changing relative prices and constant income 
B)a price- consumption line; consumption changes as relative prices change,with money income constant 
C)a price- consumption line; consumption changes as money income and relative prices change 
D)an income- consumption line; consumption changes as income changes,with relative prices held constant 
E)an indifference map; the value of various combinations of two goods changes

Quizplus · Accepted Answer

The Answer of FIGURE 6- 9 
-Refer to Figure 6- 9.In part (i),the line joining points A,B,and C is known as ,which shows how .
A)an income- consumption line; consumption changes with changing relative prices and constant income 
B)a price- consumption line; consumption changes as relative prices change,with money income constant 
C)a price- consumption line; consumption changes as money income and relative prices change 
D)an income- consumption line; consumption changes as income changes,with relative prices held constant 
E)an indifference map; the value of various combinations of two goods changes