-Use the above figure. The consumer's choice changes from YB to YA. Which of the following statements about good Y is TRUE?
A) price has increased and the quantity demanded has risen.
B) price has decreased and the quantity demanded has risen.
C) price has decreased and the quantity demanded has fallen.
D) price has increased and the quantity demanded has fallen.

Question

-Use the above figure. The consumer's choice changes from YB to YA. Which of the following statements about good Y is TRUE?
A) price has increased and the quantity demanded has risen. 
B) price has decreased and the quantity demanded has risen. 
C) price has decreased and the quantity demanded has fallen. 
D) price has increased and the quantity demanded has fallen.

Quizplus · Accepted Answer

The Answer of 
-Use the above figure. The consumer's choice changes from YB to YA. Which of the following statements about good Y is TRUE?
A) price has increased and the quantity demanded has risen. 
B) price has decreased and the quantity demanded has risen. 
C) price has decreased and the quantity demanded has fallen. 
D) price has increased and the quantity demanded has fallen.

-Use the Above Figure