Aretha is, better off / worse off / no better or worse off

you know that for Aretha, plays are normal goods / inferior goods / Giffen goods / Veblen goods

?

Question 3 Not complete Marked out of 9.00 . Flag question Aretha enjoys going to the theatre to see plays, and she also enjoys going to rock concerts. The following diagram shows two of Aretha's budget constraints (BC1 represents her initial budget constraint and BC2 represents her new budget constraint) and accompanying indifference curves (11 represents her initial level of satisfaction and 12 represents her new level of satisfaction) that depict her optimal consumption points before (point X) and after (point Y) the change in the budget constraint. PLAYS per month Y x BCI BCZ CONCERTS per month Which of the following choices could have shifted Aretha's budget constraint from BC1 to BC2? (Be sure to indicate for each choice whether it would be responsible for the change or not.) Yes/No Increase in income, with no change in either prices of theatre tickets or concert tickets Decrease in income, with no change in either prices of theatre tickets or concert tickets Increase in the price of theatre tickets, with no change in income or the price of concert tickets Decrease in the price of theatre tickets, with no change in income or the price of concert tickets Increase in the price of concert tickets, with no change in income or the price of theatre tickets Decrease in the price of concert tickets, with no change in income or the price of theatre tickets Considering the move to a new indifference curve after the change in her budget constraint, Aretha when she moves from indifference curve 11 to indifference curve 12. Based on Aretha's consumption of plays and concerts after the change in her budget constraint above, you know that for Aretha, plays are and concerts are Check Previous page Next page