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1

Project-Budget

$10- $30

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bill spends his money on flowers and cookies so as

Project Description:

bill spends his money on flowers and cookies so as to maximize his total utility. Both flowers and cookies start off costing $2. each.At that price Bill buys three flowers and two cookies. When the price of flowers falls to $1.Bill buys eight flowers and one cookie. 

Which answer is not true?

Demand curve shifted to the right?

Budget line shifted outward when the price of flowers fell?

Higher indifference curve after the price fell?

May select more than one answer. 

Attainable set was smaller after the price fall? 

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(106 reviews)

$80