According to the following graphs,what does the curve in the lower graph show? The price of Y is $15 per unit.
A)how a consumer's utility-maximizing choices of X and Y change when the budget constraint changes
B)how a consumer's preferences change when income changes
C)how a consumer's utility-maximizing choices of X changes when the price of X changes
D)how a consumer's utility-maximizing choices of Y changes when the price of Y changes
E)both c and d

Question

According to the following graphs,what does the curve in the lower graph show?  The price of Y is $15 per unit.
A)how a consumer's utility-maximizing choices of X and Y change when the budget constraint changes 
B)how a consumer's preferences change when income changes 
C)how a consumer's utility-maximizing choices of X changes when the price of X changes 
D)how a consumer's utility-maximizing choices of Y changes when the price of Y changes 
E)both c and d

Quizplus · Accepted Answer

The Answer of According to the following graphs,what does the curve in the lower graph show?  The price of Y is $15 per unit.
A)how a consumer's utility-maximizing choices of X and Y change when the budget constraint changes 
B)how a consumer's preferences change when income changes 
C)how a consumer's utility-maximizing choices of X changes when the price of X changes 
D)how a consumer's utility-maximizing choices of Y changes when the price of Y changes 
E)both c and d

According to the Following Graphs,what Does the Curve in the Lower