Figure: The Optimal Consumption Bundle (Figure: The Optimal Consumption Bundle) Look at the figure The Optimal Consumption Bundle.In the figure, which of the following could lead to an optimal consumption bundle on indifference curve I3?
A)an increase in income
B)an increase in the price of restaurant meals
C)an increase in the price of rooms
D)a decrease in income

Question

Figure: The Optimal Consumption Bundle   (Figure: The Optimal Consumption Bundle) Look at the figure The Optimal Consumption Bundle.In the figure, which of the following could lead to an optimal consumption bundle on indifference curve I3?
A)an increase in income 
B)an increase in the price of restaurant meals 
C)an increase in the price of rooms 
D)a decrease in income

Quizplus · Accepted Answer

The Answer of Figure: The Optimal Consumption Bundle   (Figure: The Optimal Consumption Bundle) Look at the figure The Optimal Consumption Bundle.In the figure, which of the following could lead to an optimal consumption bundle on indifference curve I3?
A)an increase in income 
B)an increase in the price of restaurant meals 
C)an increase in the price of rooms 
D)a decrease in income

Figure: the Optimal Consumption Bundle (Figure: the Optimal