-Refer to Figure 6.1.Point B represents the
A) Uncompensated effect of an increase in the price of bread
B) Uncompensated effect of a decrease in the price of soup
C) Uncompensated effect of an increase in the price of soup
D) Compensated effect of an increase in the price of soup

Question

-Refer to Figure 6.1.Point B represents the
A) Uncompensated effect of an increase in the price of bread 
B) Uncompensated effect of a decrease in the price of soup 
C) Uncompensated effect of an increase in the price of soup 
D) Compensated effect of an increase in the price of soup

Quizplus · Accepted Answer

Point B represents the uncompensated effect of an increase in the price of soup, which shows how the consumer's choice changes without any adjustment to their income level to compensate for the price change.

-Refer to Figure 6.1.Point B Represents the