Use the following figure to answer the question : Figure 12-3 : shows the indifference curves U 1 and U 2 of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.

-In Figure 12-3,if the fee goes above _____,the consumer will purchase no court hours.
A)OZ
B)IA
C)EF
D)OE

Question

Use the following figure to answer the question : Figure 12-3 : shows the indifference curves U₁ and U₂ of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.

Use the following figure to answer the question : Figure 12-3 : shows the indifference curves U<sub>1</sub> and U<sub>2</sub> of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee. -In Figure 12-3,if the fee goes above _____,the consumer will purchase no court hours. A) OZ B) IA C) EF D) OE

-In Figure 12-3,if the fee goes above _____,the consumer will purchase no court hours.

-In Figure 12-3,if the fee goes above _____,the consumer will purchase no court hours.
A)OZ 
B)IA 
C)EF 
D)OE

Quizplus · Accepted Answer

The Answer of Use the following figure to answer the question : Figure 12-3 :  shows the indifference curves U 1 and U 2 of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.

-In Figure 12-3,if the fee goes above _____,the consumer will purchase no court hours.
A)OZ 
B)IA 
C)EF 
D)OE

Use the Following Figure to Answer the Question : Figure