FIGURE 6- 8
-Refer to Figure 6- 8. In part (ii) , the line joining points X, Y, and Z is known as , which shows how .
A) an indifference map; the value of various combinations of two goods changes.
B) an income- consumption line; consumption changes with changing relative prices and constant income
C) a price- consumption line; consumption changes as relative prices change, with money income constant
D) an income- consumption line; consumption changes as income changes, with relative prices held constant
E) a price- consumption line; consumption changes as money income and relative prices change
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