6A-4 Deriving the Demand Curve

question 72

Multiple Choice

6A-4 Deriving the Demand Curve
-Refer to Figure 6-9.In part (ii) ,the line joining points X,Y,and Z is known as ________,which shows how ________.

• A)a price-consumption line; consumption changes as relative prices change,with money income constant
• B)an income-consumption line; consumption changes as income changes,with relative prices held constant
• C)a price-consumption line; consumption changes as money income and relative prices change
• D)an income-consumption line; consumption changes with changing relative prices and constant income
• E)an indifference map; the value of various combinations of two goods changes

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