Figure: Consumer Equilibrium II (Figure: Consumer Equilibrium II) Look at the figure Consumer Equilibrium II.Given the figure, which of the following is true?
A)To increase utility beyond that received at point I requires an increase in the price of olive oil.
B)Point J could be attained with an increase in Ashyra's income.
C)An increase in the prices of olive oil and dish soap would allow Ashyra to attain point J.
D)To increase utility beyond that received at point I requires an increase in the price of dish soap.

Question

Figure: Consumer Equilibrium II  (Figure: Consumer Equilibrium II) Look at the figure Consumer Equilibrium II.Given the figure, which of the following is true?
A)To increase utility beyond that received at point I requires an increase in the price of olive oil. 
B)Point J could be attained with an increase in Ashyra's income. 
C)An increase in the prices of olive oil and dish soap would allow Ashyra to attain point J. 
D)To increase utility beyond that received at point I requires an increase in the price of dish soap.

Quizplus · Accepted Answer

Point J represents a higher level of utility than point I, and it can be attained through an increase in Ashyra's income. The other options are not supported by the information in the figure.