Refer to the information provided in Figure 6.5 below to answer ...

[genevieve1028]

Question 1

Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.









Refer to Figure 6.5. Molly's budget constraint is 
EF. If her income decreases while the price of the goods are unchanged, her new budget constraint is

◦ AD.
◦ BD.
◦ CD.
◦ It is not shown on this graph.

Question 2

Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.









Refer to Figure 6.5. Molly's budget constraint is 
CD. Molly's income is $200, the price of a DVD is $7.50 and the price of a CD is $10. At point 
C, she is buying ________ DVDs and ________ CDs.

◦ 0; 20
◦ 20; 0
◦ 20; 15
◦ 40; 30

[kaykay69]

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[genevieve1028]

Thanks

[kaykay69]

Welcome