Use the following to answer question:
-(Figure: The Optimal Consumption Bundle)Use Figure The Optimal Consumption Bundle.If the price of restaurant meals _____,then the optimal consumption bundle will be on _____ indifference curve.
A)increases;a higher
B)decreases;a higher
C)decreases;a lower
D)increases;the same

Question

Use the following to answer question: 
-(Figure: The Optimal Consumption Bundle)Use Figure The Optimal Consumption Bundle.If the price of restaurant meals _____,then the optimal consumption bundle will be on _____ indifference curve.
A)increases;a higher 
B)decreases;a higher 
C)decreases;a lower 
D)increases;the same

Quizplus · Accepted Answer

When the price of restaurant meals decreases, consumers can afford more for the same amount of money, leading to a higher level of utility and thus moving to a higher indifference curve.

Use the Following to Answer Question