Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Noar Noar
wrote...
Go to Answer
Posts: 140
Rep: 0 0
A year ago


Short description: Two graphs plot the quantity of bread per week against the quantity of milk per week. Long description: In each graph, the horizontal axis represents the quantity of bread per week. The vertical axis represents the quantity of milk per week. The first graph shows three decreasing lines, an increasing line, and three concave up decreasing curves. The lines end at B subscript 1, B subscript 2, and B subscript 3 on the horizontal axis. The first decreasing line, the increasing line, and the first curve intersect at A. The second decreasing line, the increasing line, and the second curve intersect at B. The third decreasing line, the increasing line, and the third curve intersect at C. The second graph shows three decreasing lines, and three concave up decreasing curves. The lines end at B subscript 1, B subscript 2, and B subscript 3 on the horizontal axis. The first decreasing line, the increasing line, and the first curve intersect at X. The second decreasing line, the increasing line, and the second curve intersect at Y. The third decreasing line, the increasing line, and the third curve intersect at Z. A dashed curve passes through the points, X, Y, and Z.

FIGURE 6-9

Refer to Figure 6-9. In part (ii), the consumer's move from point Z to point Y is caused by



▸ an increase in the price of milk.

▸ a decrease in the price of bread.

▸ a decrease in money income.

▸ an increase in the price of bread.

▸ a change in the consumer's preferences towards milk.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 45 times
1 Reply
Replies
Answer verified by a subject expert
hadu582hadu582
wrote...
#1
Posts: 128
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Noar Author
wrote...

A year ago
Thanks
derya1234
wrote...

Yesterday
Thanks
DragonHeart
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1247 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 333
  
 295
  
 431
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: What's your favorite funny biology word?