Figure 8.6 Manuri Has $300 to Spend on Pilates Classes and Yoga

question 138

Multiple Choice

Figure 8.6

Manuri has $300 to spend on Pilates classes and Yoga classes. The price of a group Pilates class is $20 and the price of a group Yoga class is $10. Manuri's optimal bundle is given by "A" in Figure 8.6.
-Refer to Figure 8.6.Suppose the price of Pilates sessions rise to $30 while income and the price of Yoga sessions remain unchanged.The substitution effect of this price change is represented by the movement from

• A) A to B.
• B) A to C.
• C)A to D.
• D)D to B.

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Financing Activities

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Operations

Activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.

Investing Activities

Transactions involving the purchase or sale of long-term assets and investments, reflecting a company's spending or gains from such assets.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of an entity.