The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks. As the price of snacks falls, Bob's ulitity A:stays the same. B:increases. C:decreases. D:might change, but there is not enough information to determine.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks. As the price of snacks falls, Bob's ulitity

A:stays the same.
B:increases.
C:decreases.
D:might change, but there is not enough information to determine.
Juice
20
15.
13.
10
40
Snacks
57 10
20
Transcribed Image Text:Juice 20 15. 13. 10 40 Snacks 57 10 20
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