Use the Following to Answer Question

question 39

Multiple Choice

Use the following to answer question:
-(Figure: Indifference Curves and Consumption Bundles) Use Figure Indifference Curves and Consumption Bundles.In the figure,the initial optimum is at a.The price of hot dogs now increases.The change in hot dog consumption due to the substitution effect is:

• A)H₃ to H_2.
• B)H₃ to H_1.
• C)H₂ to H_1.
• D)H₁ to H_2.

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