Preview File Edit View Go Tools Window Help 81% Wed Mar 25 5:10 PM a Eco4100MidtermSpring2020.pdf (page 8 of 9) Search Eco4100MidtermSpring2020... creen Shot -0....01.06 PM Juice 6. creen Shot -0....02.41 PM creen Shot -0...09.34 PM Lani'sind de le ked prk The ee a dde hand t Bilays l cue w i d ng bg e e ththe rmn e2 e, creen Shot -0...09.46 PM B2 15 18 25 Soda _12) The above figure shows Bobby's indifference map for soda and juice. B1 indicates his original budget line. B2 indicates his budget line resulting from a decrease in the price of soda. What change in quantity best represents his substitution effect? B) 10 C) 15 D) 7 8. 3. PAGES MAR 25

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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a Eco4100MidtermSpring2020.pdf (page 8 of 9)
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Eco4100MidtermSpring2020...
creen Shot
-0....01.06 PM
Juice
6.
creen Shot
-0....02.41 PM
creen Shot
-0...09.34 PM
Lani'sind de le ked prk
The ee a dde hand t
Bilays l cue w i d ng
bg e e ththe rmn
e2
e,
creen Shot
-0...09.46 PM
B2
15 18 25
Soda
_12) The above figure shows Bobby's indifference map for soda and juice. B1 indicates his
original budget line. B2 indicates his budget line resulting from a decrease in the price of soda.
What change in quantity best represents his substitution effect?
B) 10
C) 15
D) 7
8.
3.
PAGES
MAR
25
Transcribed Image Text:Preview File Edit View Go Tools Window Help 81% Wed Mar 25 5:10 PM a Eco4100MidtermSpring2020.pdf (page 8 of 9) Search Eco4100MidtermSpring2020... creen Shot -0....01.06 PM Juice 6. creen Shot -0....02.41 PM creen Shot -0...09.34 PM Lani'sind de le ked prk The ee a dde hand t Bilays l cue w i d ng bg e e ththe rmn e2 e, creen Shot -0...09.46 PM B2 15 18 25 Soda _12) The above figure shows Bobby's indifference map for soda and juice. B1 indicates his original budget line. B2 indicates his budget line resulting from a decrease in the price of soda. What change in quantity best represents his substitution effect? B) 10 C) 15 D) 7 8. 3. PAGES MAR 25
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