We derive the demand curve for X from indifference curves and a budget constraint by changing the
A) level of income.
B) price of X.
C) price of Y.
D) consumersʹ preferences.

Question

Quizplus · Accepted Answer

The demand curve for a good, such as X, is derived by changing its price and observing how the quantity demanded varies while holding everything else constant, including the consumer's income, the price of other goods (Y), and the consumer's preferences.

We Derive the Demand Curve for X from Indifference Curves