Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
melisooflyy melisooflyy
wrote...
Go to Answer
Posts: 167
Rep: 0 0
A year ago

Emily's income is $400. She only buys goods X and Y.

Short description: Two decreasing lines, two dashed decreasing lines, and two concave up decreasing curves are graphed on an XY coordinate plane. Long description: The decreasing lines begin at the same point. The first curve, I subscript 1 intersects the first line at 3 on the horizontal axis. The first curve, I subscript 1 intersects the second line at 6 on the horizontal axis. The first curve, I subscript 1 intersects the first dashed line at 10 on the horizontal axis. The second curve, I subscript 2 intersects the second dashed line at 8 on the horizontal axis. The second curve intersects the first line at 12 on the horizontal axis.

FIGURE 6-13

Refer to Figure 6-13. When the price of X rises, the substitution effect is that the quantity of X changes by



▸ 2 units.

▸ 3 units.

▸ 4 units.

▸ 6 units.

▸ 12 units.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 100 times
1 Reply
Replies
Answer verified by a subject expert
jaimielaviejaimielavie
wrote...
#1
Posts: 129
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

melisooflyy Author
wrote...

A year ago
This site is awesome
my2redeyes
wrote...

Yesterday
Smart ... Thanks!
vanna2014
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  973 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 248
  
 57
  
 328
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: Which 'study break' activity do you find most distracting?