Chapter 1. eFigure 4.15

Animated Graph
A Consumer's Indifference Curves
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You must read each slide, and complete any questions on the slide, in sequence.
E-Figure Title
Question 1 of 5

Question 1.

If the price of a pair of socks was less than $5, the price Sarah currently faces, what would happen to the intercept on the x-axis?

A.
B.
C.
D.

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Correct! If the price of a pair of socks were to fall, Sarah would be able to purchase more pairs of socks than previously. Accordingly, the intercept on the x-axis (the pairs of socks axis) would increase, pivoting outward, away from the origin.
Incorrect! If the price of a pair of socks were to fall, Sarah would be able to purchase more pairs of socks than previously. Accordingly, the intercept on the x-axis (the pairs of socks axis) would increase, pivoting outward, away from the origin.