Price effect in indifference curve analysis arises____________
A. When the consumer becomes either better off or worse off because price change is not compensated by income change.
B. When the consumer is better off due to a change in income and price
C. When income and price change
D. None of the above
Answer:A
Price effect in indifference curve analysis arises____________
A. When the consumer becomes either better off or worse off because price change is not compensated by income change. B. When the consumer is better off due to a change in income and price C. When income and price change D. None of the above