In the Graph Above, as the Consumer Moves from Indifference

question 19

Multiple Choice

In the graph above, as the consumer moves from indifference curve 1 to 3, his

• A)Real income is constant and his nominal income is rising
• B)Real income is rising and his nominal income is constant
• C)Real and nominal income are rising
• D)Real and nominal income are falling, but the consumer can buy more anyway