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Four graphs plot good y versus good x. In graph (a), the horizontal axis is labeled good x, and the vertical axis is labeled good y. A graph is a downward sloping line from the top left in the vertical axis to the bottom right in the horizontal axis. A downward sloping line from the center left in the vertical axis to the bottom left in the horizontal axis. A concave up decreasing curve intersects the first line at point B at the bottom of the slope. A concave up decreasing curve intersects the second line at point A at the top of the slope.In graph (b), the horizontal axis is labeled good x, and the vertical axis is labeled good y. A graph is a downward sloping line from the top left in the vertical axis to the bottom right in the horizontal axis. A downward sloping line from the center left in the vertical axis to the bottom left in the horizontal axis. A concave up decreasing curve intersects the first line at point A at the bottom of the slope. A concave up decreasing curve intersects the second line at point B at the top of the slope. In graph (c), the horizontal axis is labeled good x, and the vertical axis is labeled good y. A graph is a downward sloping line from the top left in the vertical axis to the bottom right in the horizontal axis. A downward sloping line from the center left in the vertical axis to the bottom left in the horizontal axis. A concave up decreasing curve intersects the first line at point B at the top of the slope. A concave up decreasing curve intersects the second line at point A at the top of the slope. In graph (d), the horizontal axis is labeled good x, and the vertical axis is labeled good y. A graph is a downward sloping line from the top left in the vertical axis to the bottom right in the horizontal axis. A downward sloping line from the center left in the vertical axis to the bottom left in the horizontal axis. A concave up decreasing curve intersects the first line at point A at the center of the slope. A concave up decreasing curve intersects the second line at point B at the center of the slope.

Figure 9.3.3

Refer to Figure 9.3.3, which shows the original best affordable point at A and the new best affordable point at B. Which graphs show the case where good Y is a normal good?
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Bill spends his income on apples and bananas. If apples are measured on the vertical axis and bananas on the horizontal axis, when Bill's income doubles, the price of apples doubles, and the price of bananas triples, how does Bill's budget line change?
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What determines the magnitude of the slope of a consumer's budget line?
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Which of the following variables determines the shape of a person's indifference curves between two goods?
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David has an income of $60 to buy movie tickets and bus tickets. The price of a movie ticket is $12 and the price of a bus ticket is $4. What is David's real income? 
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At the best affordable point, what is the relationship between the indifference curve and the budget line?
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Larry consumes only beer (B) and chips (C). What is Larry's real income in terms of beer?
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A graph plots clothing (items per week) versus food (servings per week). The horizontal axis is labeled food (servings per week), and the vertical axis is labeled clothing (items per week). A graph is a downward sloping line falling from the top left in the vertical axis to the bottom right in the horizontal axis. The slope has two points, D in the vertical axis and C at the bottom between the two axes. A point A is at the bottom left of the sloping line, and a point B is at the top right of the sloping line.

Figure 9.1.1

Refer to Figure 9.1.1, which shows Shelly's budget line. Which of the following points shows an affordable combination of food and clothing for Shelly given her income and current prices?
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Which of the following variables determine the consumer's budget line?
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When the price of potatoes falls, and the consumer decreases the quantity of potatoes purchased, what can we infer about the income effect and substitution effect of the price change?
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