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Can you please answer these questions for me 0 0 45 6% 10:35 TAKE HOME TEST 2 - Saved = . . . 5. Consider

Can you please answer these questions for me

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0 0 45 6% 10:35 TAKE HOME TEST 2 - Saved = . . . 5. Consider the following diagram showing two budget lines, BA and BC. Use this diagram to answer Q5.If the budget line pivots from BA to BC, this indicates that:- Milk B 0 A C Bread A. Consumers' income has increased. B. All prices have changed in the same direction and proportion. C. The price of milk has increased. D. The price of bread has fallen. 6. For inferior goods, as the price rises:- A. The substitution effect encourages more consumption. B. The income effect encourages less consumption. C. The income effect encourages more consumption. D. The quantity demanded rises. 7. If MUx/PX exceeds Muy/P.y, the consumer should A. The consumption levels of goods X and Y should not change. B. Consume less of good X and less of good Y. C. Consume more of good Y and less of good X. D. Consume more of good X and less of good Y. 8. An indifference curve indicates the........ A. Possible combination of goods that brings maximum utility. B. Possible combination of goods that brings maximum of satisfaction C. Possible combination of goods that brings equal level of satisfaction D. Possible combination of goods that yield different levels of satisfaction 9. Use the following information on prices of coat and dress. Assume the price of a coat is R750 per unit , while the price of a dress R500 per unit The maximum combination of dress and coat that a consumer can purchase with R3 000, assuming all the income spent, is...... A. Zero coat and four dress or zero dress or four coat. B. Four coat and four dress or zero dress or four coat. C. Six dress and zero coat or zero dress or four coat. D. Four coat

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