FIGURE 6- 8
-Refer to Figure 6- 8. In part (ii), the consumer's move from point Z to point Y is caused by
A) a change in the consumer's preferences towards milk.
B) an increase in the price of bread.
C) a decrease in money income.
D) an decrease in the price of bread.
E) an increase in the price of milk.

Question

FIGURE 6- 8
-Refer to Figure 6- 8. In part (ii), the consumer's move from point Z to point Y is caused by
A) a change in the consumer's preferences towards milk. 
B) an increase in the price of bread. 
C) a decrease in money income. 
D) an decrease in the price of bread. 
E) an increase in the price of milk.

Quizplus · Accepted Answer

The Answer of  FIGURE 6- 8
-Refer to Figure 6- 8. In part (ii), the consumer's move from point Z to point Y is caused by
A) a change in the consumer's preferences towards milk. 
B) an increase in the price of bread. 
C) a decrease in money income. 
D) an decrease in the price of bread. 
E) an increase in the price of milk.

FIGURE 6- 8 -Refer to Figure 6- 8. in Part (Ii), the Consumer's