The Following Figure Shows a Portion of a Consumer's Indifference

question 95

Multiple Choice

The following figure shows a portion of a consumer's indifference map and budget lines.The price of good Y is $17 and the consumer's income is $7,650.Let the consumer begin in utility-maximizing equilibrium at point A on indifference curve II.Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve I.The total effect of the change in the price of X is

• A)50
• B)100
• C)150
• D)-100
• E)-150

---

Definitions:

Creative Ideas

Thoughts or concepts that are new, imaginative, and potentially useful, often leading to innovation or the creation of something original.

Outside the Box

Thinking in a creative and unconventional manner to generate unique and novel solutions.

Successful Leaders

Individuals who effectively guide, inspire, and impact others towards achieving common objectives.

Intelligence

The ability to acquire and apply knowledge and skills, including problem-solving, learning, and adapting to new situations.