Graph 22-8
-Refer to Graph 22-8.If the consumer is currently at point B on the graph shown, a change to point C as a result of a decrease in the price of potato chips would show the:
A)price effect
B)budget effect
C)substitution effect
D)income effect

Question

Graph 22-8 
-Refer to Graph 22-8.If the consumer is currently at point B on the graph shown, a change to point C as a result of a decrease in the price of potato chips would show the:
A)price effect 
B)budget effect 
C)substitution effect 
D)income effect

Quizplus · Accepted Answer

The Answer of Graph 22-8 
-Refer to Graph 22-8.If the consumer is currently at point B on the graph shown, a change to point C as a result of a decrease in the price of potato chips would show the:
A)price effect 
B)budget effect 
C)substitution effect 
D)income effect

Graph 22-8 -Refer to Graph 22-8.If the Consumer Is Currently at Point