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Larry consumes only beer (B) and chips (C). If beer is measured on the vertical axis, which of the following situations is not equal to the relative price of chips in terms of beer?
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A graph plots good y (units) versus good x (units). The horizontal axis is labeled good x (units), and the vertical axis is labeled good y (units). The horizontal axis ranges from 0 to 10 in increments of 2 units, and the vertical axis ranges from 0 to 10 in increments of 2 units. A graph is a line labeled budget line falling through (0, 8), (3, 4), and (6, 0). A concave up decreasing curve labeled I sub 0 intersects the line at (3, 4). All values are estimated.

Figure 9.3.1

Refer to Figure 9.3.1, which shows a consumer's budget line, indifference curve, and best affordable point. If the price of good X is $2 a unit, what is the price of good Y?
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Albert is consuming at a point on his indifference curve where his budget line is not as steep as the indifference curve. To achieve his best affordable choice of two goods, what does Albert do?
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A graph plots good y versus good x. The horizontal axis is labeled good x, and the vertical axis is labeled good y. A graph displays two falling lines from top left in the vertical axis at R to bottom center at T and extreme right at S. A concave up decreasing curve has two points A and B intersecting the line R S at A. A concave up decreasing curve C and D intersecting the line R T at C. A dashed line from top left to bottom right intersects at B. A dashed line from the top left in the vertical axis to the bottom right in the horizontal axis intersects at D.

Figure 9.3.4

Refer to Figure 9.3.4, which shows a consumer's choices and the consumer's budget. If the budget line is RT, what change will shift the budget line to RS?
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Which of the following statements about the substitution effect of a price change is always correct? 
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A graph plots music downloads (per month) versus carrots (per month).The horizontal axis is labeled music downloads (per month), and the vertical axis is labeled carrots (per month). A graph displays three downward sloping lines. The first line falls from the top left in the vertical axis at point D to the bottom left in the horizontal axis at point A. The second line falls from point D to the bottom center in the horizontal axis at point B. The third line falls from point D to extreme right in the horizontal axis at point C.

Figure 9.1.2

Refer to Figure 9.1.2, which shows three budget lines. Which budget line shows the greatest real income in terms of carrots?
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What is the magnitude of the slope of an indifference curve called?
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Guy has an income (Y) of $50 with which he can purchase movie tickets (M) at $10 each and haircuts (H) at $20 each. Which one of the following represents Guy's budget line? 
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Which of the following statements is false? 
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How does a change in the price of the good measured on the vertical axis change the consumer's budget line? 
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