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Unit 1B Quiz 2

Unit 1B Quiz 2

Q Question 1 1 / 1 pts Figure 21-16 Refer to Figure 21-16. When the price of X is $6, the price of Y is $24, and income is $48, Steve’s optimal choice is point C. Then the price of Y decreases to $8. Steve’s new optimal choice is point Question 2 1 / 1 pts Figure 21-18 Refer to Figure 21-18. Assume that the consumer depicted in the figure faces prices and income such that she optimizes at point B. According to the graph, which of the following would cause the consumer to move to point A? Question 3 1 / 1 pts Figure 21-2 Refer to Figure 21-2. A consumer who chooses to spend all of her income could be at which point(s) on the budget constraint? IncorrectQuestion 4 0 / 1 pts Figure 21-18 Refer to Figure 21-18. Assume that the consumer depicted in the figure has an income of $20. The price of Skittles is $2 and the price of M&M's is $2. The consumer’s optimal choice is point IncorrectQuestion 5 0 / 1 pts Figure 21-3 In each case, the budget constraint moves from BC-1 to BC-2. Refer to Figure 21-3. Which of the graphs in the figure reflects a decrease in the price of good Y only?

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1 D 2 an increase in the price of M&M's 3 W, X, or Y only