(Figure: Budget Constraints and Indifference Curves I) The figure shows budget constraints and indifference curves for a representative individual. Identify the income effect of the increase in the wage rate in the associated graph.
A) C to B
B) B to C
C) A to C
D) A to B

Question

(Figure: Budget Constraints and Indifference Curves I) The figure shows budget constraints and indifference curves for a representative individual. Identify the income effect of the increase in the wage rate in the associated graph. 
A) C to B 
B) B to C 
C) A to C 
D) A to B

Quizplus · Accepted Answer

The Answer of (Figure: Budget Constraints and Indifference Curves I) The figure shows budget constraints and indifference curves for a representative individual. Identify the income effect of the increase in the wage rate in the associated graph. 
A) C to B 
B) B to C 
C) A to C 
D) A to B

(Figure: Budget Constraints and Indifference Curves I) the Figure Shows