quantity of bread 100 90 80 70 60 50 40 30 20 10 LA B 10 20 30 40 50 60 70,80 quantity of apples Juan is a consumer of apples and bread. Which of the following events could cause Juan to change his optimal consumption bundle from B to A? An increase in both the price of apples and bread. An increase in income. An increase in the price of bread. An decrease in income.
quantity of bread 100 90 80 70 60 50 40 30 20 10 LA B 10 20 30 40 50 60 70,80 quantity of apples Juan is a consumer of apples and bread. Which of the following events could cause Juan to change his optimal consumption bundle from B to A? An increase in both the price of apples and bread. An increase in income. An increase in the price of bread. An decrease in income.
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 6QR
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