Use the following to answer questions:
Figure: Income and Substitution Effects 
-(Figure: Income and Substitution Effects) Refer to the figure. What caused this consumer to switch optimal consumption bundles from Bundle A to Bundle B?
A) a decrease in consumer income available for music downloads
B) a decrease in the price of music downloads
C) an increase in the price of music downloads
D) an increase in the price of movie downloads
Correct Answer:
Verified
Q46: The consumption bundle that maximizes utility for
Q58: Preferences are characterized generally by:
A) budget constraints.
B)
Q59: Use the following to answer questions:
Figure: Indifference
Q60: Figure: Marginal Rate of Substitution 
Q61: Use the following to answer questions:
Figure: Music
Q62: When the price of a good changes,
Q64: In consumer choice, one maximizes _ subject
Q65: Use the following to answer questions:
Figure: Music
Q67: The _ is the change in consumption
Q68: Consider an indifference curve based around video
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