If the slope of the consumption schedule is 0.75, then the slope of the saving schedule is

Kristen has an income of $450 per year to spend on music CDs and movies on DVDs. The price of a CD is $15 and the price of a DVD is $22.50. The indifference curves in the figure above (I1, I2, and I3 ) reflect Kristen's preferences

What is Kristen's best affordable combination of DVDs and CDs? A) 10 DVDs and 15 CDs per year B) 15 DVDs and 12 CDs per year C) 12.5 DVDs and 12 CDs per year D) 5 DVDs and 18 CDs per year

Normally an increase in the supply of a good will cause

a. a shift of consumer preferences in favor of that good. b. consumers to use more of that good and less of others. c. a shift of consumer preferences away from that good. d. consumers to use less of that good and more of others.