In the following graph the consumer's income is $1,200.At point B,
A)the rate at which the consumer is willing to substitute X for Y is greater than it is at point A.
B)the consumer is willing to give up more Y in order to gain an extra unit of X than at point A.
C)the consumer will receive more Y for each unit of X exchanged in the market than at point A.
D)both a and b
E)all of the above

Question

In the following graph the consumer's income is $1,200.At point B, 
A)the rate at which the consumer is willing to substitute X for Y is greater than it is at point A. 
B)the consumer is willing to give up more Y in order to gain an extra unit of X than at point A. 
C)the consumer will receive more Y for each unit of X exchanged in the market than at point A. 
D)both a and b 
E)all of the above

Quizplus · Accepted Answer

The Answer of In the following graph the consumer's income is $1,200.At point B, 
A)the rate at which the consumer is willing to substitute X for Y is greater than it is at point A. 
B)the consumer is willing to give up more Y in order to gain an extra unit of X than at point A. 
C)the consumer will receive more Y for each unit of X exchanged in the market than at point A. 
D)both a and b 
E)all of the above

In the Following Graph the Consumer's Income Is $1,200