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Social Science Clinic => Economics => Microeconomics => Topic started by: bucstennis@aim.com on May 24, 2019

Title: A consumer's demand for tuna can be found from an indifference curve diagram by doing which of the following?
Post by: bucstennis@aim.com on May 24, 2019

A consumer's demand for tuna can be found from an indifference curve diagram by doing which of the following?
◦ observing what happens to the consumption of tuna for different income levels
◦ finding where the budget line is tangent to an indifference curve for one price of tuna
◦ allowing the price of tuna to change and observing the different best, affordable levels of tuna
◦ changing the indifference curves and seeing the changes in the quantity of tuna the consumer demands
◦ It is impossible to derive a demand curve from an indifference curve graph.

Title: A consumer's demand for tuna can be found from an indifference curve diagram by doing which of the following?
Post by: gabrielle_lawrence on May 24, 2019

allowing the price of tuna to change and observing the different best, affordable levels of tuna

Title: Re: A consumer's demand for tuna can be found from an indifference curve diagram by doing which of t
Post by: Eric Kachan on May 26, 2020

Thank you