Figure 21-1.The figure shows three indifference curves and a budget constraint for a certain consumer named Jack.
-Refer to Figure 21-1.Starting from point B,which of these events could result in point A becoming Jack's new optimum?
A) a decrease in the price of apples,with no change in the price of pears or income
B) a decrease in the price of pears,with no change in the price of apples or income
C) an increase in income,with no change in the price of apples or the price of pears
D) None of these events could result in point A becoming Jack's new optimum.
Correct Answer:
Verified
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