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A consumer makes the best affordable choice of two normal goods. When the price of one good falls, what are the substitution and income effects of the price fall?
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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 three concave up decreasing curves parallel to each other. The first curve has a point A at the center. The second curve has two points B and C. The third curve has a point D at the center.

Figure 9.2.1

Refer to Figure 9.2.1, which shows Brenda's preference map. Which of the following statements is not correct?
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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 price of good X rises and the budget line shifts from RS to RT, what is the substitution effect of the price change?

The change in the quantity of good X as the consumer moves from
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Укажи, які країни в 1994—1995 рр. надали гарантії безпеки Україні в обмін на ліквідацію ядерного потенціалу й приєднання до Договору про нерозповсюдження ядер­ної зброї

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Укажи, яке завдання державотворення в Україні було вирішено в першій половині 1990-х років

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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 price of good X changes and the budget line shifts from RT to RS, what is the substitution effect of the price change?

The change in the quantity of good X as the consumer moves from
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A graph plots books versus C Ds. The horizontal axis is labeled C Ds, and the vertical axis is labeled books. The horizontal axis ranges from 0 to 10 in increments of 2 units, and the vertical axis ranges from 0 to 5 in increments of 1 unit. A graph is a line labeled B sub 1 falling through (0, 5), (6, 2), and (10, 0). Another line labeled B sub 0 falling through (0, 5), (2, 3), and (5, 0). A concave up decreasing curve labeled I sub 1 intersects B sub 1 at (6, 2). A concave up decreasing curve labeled I sub 0 intersects B sub 0 at (2, 3). Two horizontal and two vertical dashed lines through (0, 3) to (2, 3) at B sub 0 and (0, 2) to (6, 2) at B sub 1.

Figure 9.2.2 

Refer to Figure 9.2.2, which shows Otto's preferences when he spends all his income on books and CDs. If Otto chooses to buy 2 books and 6 CDs, what is his marginal rate of substitution between the two goods?
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Sam is spending his income on two goods and buys the quantities of the goods so that he achieves his best affordable combination of goods. If the price of one good falls, what is the substitution effect of the price fall?
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If the price of an inferior good falls, which of the following statements about the price effect is correct?
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Three graphs plot good y versus good x. In graph 1, the horizontal axis is labeled good x, and the vertical axis is labeled good y. 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 displays two lines parallel to the vertical axis and two lines parallel to the horizontal axis. The first vertical line through (2, 8.8) and (2, 2). The second vertical line through (4, 8.7) and (4, 4). The first horizontal line through (2, 2) and (9, 2). The second horizontal line through (4, 4) and (9, 4). All values are estimated.In graph 2, the horizontal axis is labeled good x, and the vertical axis is labeled good y. 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 displays two concave up decreasing curves. The first curve through (1.7, 9.9) and (9.9, 1.8). The second curve through (3, 9.9) and (9.9, 2.8). All values are estimated. In graph 3, the horizontal axis is labeled good x, and the vertical axis is labeled good y. 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 displays two concave up decreasing curves. The first curve through (1.8, 9.8) and (7.3, 1.7). The second curve through (4.2, 10) and (10, 2). All values are estimated.

Figure 9.2.5

Refer to Figure 9.2.5, which shows indifference curves for various goods. What types of goods do the graphs describe?

Graph ________ best describes the pair of goods baseballs and baseball bats. Graph ________ best describes the pair of goods desktop computers and laptop computers.
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