Figure 10-6

The above panels show various combinations of indifference curves and budget constraints for two products: Popcorn and Candy.
-Refer to Figure 10-6.A change in the price of candy only is shown in
A)Panel A.
B)Panel B.
C)Panel C.
D)none of the above panels.

Question

Figure 10-6
  
The above panels show various combinations of indifference curves and budget constraints for two products: Popcorn and Candy.
-Refer to Figure 10-6.A change in the price of candy only is shown in
A)Panel A. 
B)Panel B. 
C)Panel C. 
D)none of the above panels.

Quizplus · Accepted Answer

Panel C typically represents a change in the price of a good, such as candy, which would be shown as a movement along the demand curve.

Figure 10-6 the Above Panels Show Various Combinations of Indifference Curves and Combinations