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ChesterNeupt ChesterNeupt
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5 years ago
Holding all other prices and money income constant, if the price of food rises, then the consumer will adjust her expenditures and
A) reach an optimum on a higher indifference curve.
B) reach an optimum on a lower indifference curve.
C) reach an optimum on the same indifference curve.
D) her level of satisfaction may go up or down.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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byehoebyehoe
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ChesterNeupt Author
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#2
5 years ago
Thank you for being such a great website leader! Your answer's right.
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