Question 1
Refer to the information provided in Figure 6.3 below to answer the question(s) that follow.
Refer to Figure 6.3. Mollyʹs budget constraint is
AD. It would swivel to
AB if the price of
◦ DVDs increased.
◦ DVDs decreased.
◦ CDs increased.
◦ CDs decreased.
Question 2
Refer to the information provided in Figure 6.3 below to answer the question(s) that follow.
Refer to Figure 6.3. Mollyʹs budget constraint is
AB. Molly can purchase
◦ none of the points along
AD.
◦ none of the points along
AC.
◦ all of the points along
AC.
◦ None of these.
Figure and Ground
Economics question
economic question
economic question
economic question
Eco question 2