Price effect in indifference curve analysis arises

A)
When income and price change
B)
When the consumer is betler off due to a change in income and price
C)
When the consumer becomes either better off or worse off because price change is not compensated by income change
D)
None of the above

Correct Answer : Option (C) - When the consumer becomes either better off or worse off because price change is not compensated by income change


Published On : May 18, 2021
Category : Business and Economics