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JAMB Economics 2012 Question 14

Question 14

Theory of Consumer Behaviour

Use the diagram below to answer the question.
To move from point m to k, the consumer has to increase the

Diagram for this question
  1. A.consumption of X and reduce the consumption of Y
  2. B.expenditure on Y
  3. C.expenditure on X
  4. D.consumption of Y and reduce the consumption of X.
Show the answer and explanation

Answer: D (consumption of Y and reduce the consumption of X.)

Explanation

K lies higher up and to the left of M, so it has more Y and less X.