Suppose hamburgers are on the horizontal axis and all other goods on the vertical axis.John noticed that since the price of hamburgers has increased,the total amount he spends on hamburgers each month increased.Given this information we can conclude that John's price-consumption curve for hamburgers and all other goods is:

Question

Quizplus · Accepted Answer

A positively sloped price-consumption curve means that as the price of hamburgers increases, so does the quantity demanded by John. This results in an increase in the total amount he spends on hamburgers each month.

Suppose Hamburgers Are on the Horizontal Axis and All Other