Refer to the graph shown. A consumer would be expected to change consumption from point A to point B in response to a(n):
A) increase in the price of soda.
B) increase in the price of chocolate bars.
C) increase in income.
D) decrease in the price of soda.

Question

Refer to the graph shown. A consumer would be expected to change consumption from point A to point B in response to a(n): 
A) increase in the price of soda. 
B) increase in the price of chocolate bars. 
C) increase in income. 
D) decrease in the price of soda.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. A consumer would be expected to change consumption from point A to point B in response to a(n): 
A) increase in the price of soda. 
B) increase in the price of chocolate bars. 
C) increase in income. 
D) decrease in the price of soda.

Refer to the Graph Shown