The Following Figure Shows the Indifference Curves U₁ and U₂

question 25

Multiple Choice

The following figure shows the indifference curves U₁ and U₂ of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.
Figure 12-3
-Refer to Figure 12-3.The price of a court hour to the consumer,in terms of other goods,is:

• A)OI/OZ.
• B)OI/BZ.
• C)OI/OB.
• D)AI/BZ.

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