At last time you have answered my question ,but I still have some problems want to ask you and there is not yet complete . Can you help me to use the Budget Line and Indifference Curve concepts and graph to explain to me how changes in income and prices of the goods will give rise to changes in the highest satisfaction. Does the budget line will increase too when the goods or services are increasing?
At last time you have answered my question ,but I still have some problems want to ask you and there is not yet complete . Can you help me to use the Budget Line and Indifference Curve concepts and graph to explain to me how changes in income and prices of the goods will give rise to changes in the highest satisfaction. Does the budget line will increase too when the goods or services are increasing?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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At last time you have answered my question ,but I still have some problems want to ask you and there is not yet complete . Can you help me to use the Budget Line and Indifference Curve concepts and graph to explain to me how changes in income and prices of the goods will give rise to changes in the highest satisfaction. Does the budget line will increase too when the goods or services are increasing?
The below is you have answered me at last time
Transcribed Image Text:120
A(2,120)
100
F(5,100)
B(3,84)
80
Doughnuts
H(3,70)
60
Uh
G(6.48)
40
Um
Ui
0 2
4
6
8
10
12
Books
20
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