Graph 22-6 -Refer to Graph 22-6. It will be possible for the consumer to reach I₂ if: A) the price of Y decreases B) the price of X decreases C) income increases D) all of the above are correct

Question

Quizplus · Accepted Answer

According to the graph, reaching I₂ requires either a decrease in the price of Y (movement along the original indifference curve) or a decrease in the price of X (shift of the original indifference curve outwards). Additionally, an increase in income would shift the indifference curve outwards and make it easier to reach I₂. Therefore, all of the options listed are correct.

Graph 22-6 -Refer to Graph 22-6. It Will Be Possible for the Be