Figure 21-3
In each case, the budget constraint moves from BC 1 to BC 2 .

Graph (a)
Graph (b)
Graph (c)
Graph (d)
-Refer to Figure 21-3. Which of the graphs in the figure could reflect a simultaneous increase in the price of good X and decrease in the price of good Y?
A)Graph (a)
B)Graph (b)
C)Graph (c)
D)Graph (d)

Question

Figure 21-3
In each case, the budget constraint moves from BC 1 to BC 2 .
​
Graph (a)
Graph (b)
Graph (c)
Graph (d)    
-Refer to Figure 21-3. Which of the graphs in the figure could reflect a simultaneous increase in the price of good X and decrease in the price of good Y?
A)Graph (a) 
B)Graph (b) 
C)Graph (c) 
D)Graph (d)

Quizplus · Accepted Answer

The Answer of Figure 21-3
In each case, the budget constraint moves from BC 1 to BC 2 .
​
Graph (a)
Graph (b)
Graph (c)
Graph (d)    
-Refer to Figure 21-3. Which of the graphs in the figure could reflect a simultaneous increase in the price of good X and decrease in the price of good Y?
A)Graph (a) 
B)Graph (b) 
C)Graph (c) 
D)Graph (d)

Figure 21-3 in Each Case, the Budget Constraint Moves from BC1 to BC1

Figure 21-3 in Each Case, the Budget Constraint Moves from BC₁ to BC₁