Graph 22-4
-Refer to Graph 22-4.Which of the following statements is NOT true for a consumer who moves from point B to point A?
A)the consumer is equally well-off
B)the consumer is willing to sacrifice croissants to obtain coffee
C)the marginal rate of substitution at points A and B differ
D)the consumer is better off since point A is higher than point B

Question

Graph 22-4 
-Refer to Graph 22-4.Which of the following statements is NOT true for a consumer who moves from point B to point A?
A)the consumer is equally well-off 
B)the consumer is willing to sacrifice croissants to obtain coffee 
C)the marginal rate of substitution at points A and B differ 
D)the consumer is better off since point A is higher than point B

Quizplus · Accepted Answer

Moving from point B to point A represents an increase in utility for the consumer, as point A is higher on the indifference curve than point B. Therefore, statement D is not true. Statements A, B, and C are all true for a consumer moving from point B to point A.

Graph 22-4 -Refer to Graph 22-4.Which of the Following Statements Is NOT