The line joining the old and new optimum points following a pivotal rotation of the budget line is:
A) the price-consumption curve.
B) the income-consumption curve.
C) the Engels curve.
D) the hypothetical budget line

Question

Quizplus · Accepted Answer

The price-consumption curve traces the changes in the consumer's optimum points as the price of a good changes, holding income constant.

The Line Joining the Old and New Optimum Points Following