Refer to the diagram. The budget line shift that moves the consumer's equilibrium from point A to point B suggests
A)an increase in the demand for product X.
B)a decrease in the demand for product X.
C)no change in the demand for product X.
D)that X is an inferior good.

Question

Refer to the diagram. The budget line shift that moves the consumer's equilibrium from point A to point B suggests
A)an increase in the demand for product X. 
B)a decrease in the demand for product X. 
C)no change in the demand for product X. 
D)that X is an inferior good.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. The budget line shift that moves the consumer's equilibrium from point A to point B suggests
A)an increase in the demand for product X. 
B)a decrease in the demand for product X. 
C)no change in the demand for product X. 
D)that X is an inferior good.

Refer to the Diagram