Given a consumer's indifference map,how may the demand curve for a good be derived
A)by moving a consumer's budget constraint as her income increases
B)by moving a consumer's budget constraint as her income decreases
C)by moving a consumer's budget constraint as the market price increases
D)by moving a consumer's budget constraint as the market supply increases

Question

Quizplus · Accepted Answer

The demand curve is derived by observing how the quantity demanded changes as the price of the good changes, which is represented by moving the budget constraint as the market price increases or decreases.

Given a Consumer's Indifference Map,how May the Demand Curve for a Good