-Use the above figure. When the budget line rotates from "b" to "c"
A) the price of product J increases and the quantity demanded of product J decreases.
B) the price of product J decreases and the quantity demanded of product J increases.
C) the price of product K increases and the quantity demanded of product K decreases.
D) the price of product K decreases and the quantity demanded of product K increases.

Question

-Use the above figure. When the budget line rotates from "b" to "c"
A) the price of product J increases and the quantity demanded of product J decreases. 
B) the price of product J decreases and the quantity demanded of product J increases. 
C) the price of product K increases and the quantity demanded of product K decreases. 
D) the price of product K decreases and the quantity demanded of product K increases.

Quizplus · Accepted Answer

The Answer of 
-Use the above figure. When the budget line rotates from "b" to "c"
A) the price of product J increases and the quantity demanded of product J decreases. 
B) the price of product J decreases and the quantity demanded of product J increases. 
C) the price of product K increases and the quantity demanded of product K decreases. 
D) the price of product K decreases and the quantity demanded of product K increases.

-Use the Above Figure