Use the figure below to answer the following questions. Figure 9.3.3
-Consider an initial budget line labelled RT in Figure 9.3.3.If the budget line becomes RS,the income effect is illustrated by the move from point
A)A to B.
B)A to C.
C)B to D.
D)C to B.
E)D to A.

Question

Use the figure below to answer the following questions.  Figure 9.3.3
-Consider an initial budget line labelled RT in Figure 9.3.3.If the budget line becomes RS,the income effect is illustrated by the move from point
A)A to B. 
B)A to C. 
C)B to D. 
D)C to B. 
E)D to A.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions.  Figure 9.3.3
-Consider an initial budget line labelled RT in Figure 9.3.3.If the budget line becomes RS,the income effect is illustrated by the move from point
A)A to B. 
B)A to C. 
C)B to D. 
D)C to B. 
E)D to A.

Use the Figure Below to Answer the Following Questions