In the following graph the price of Y is $15.What does the curve in the lower graph show?
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

In the following graph the price of Y is $15.What does the curve in the lower graph show? 
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 In the following graph the price of Y is $15.What does the curve in the lower graph show? 
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

In the Following Graph the Price of Y Is $15