Refer to this Figure and answer the following questions: Explain for each.

I. The figure represents:

1. downward sloping demand curves
2. indifference curves where utility is constant
3. marginal utility curves, relating beef to chicken
4. total utility curves relating income to chicken

II. Line GD represents which of the following:

1. the consumer's indifference curve
2. the consumer's budget constraint.
3. the prices of beef and chicken
4. the supply of beef and chicken

III. A shift of the line GD to GE indicates which of the following:

1. the price of chicken has fallen
2. the price of chicken has risen
3. the price of beef has risen
4. Can't say

IV. A movement of an Individual from Point A to Point C implies:

1. The consumer is consuming more of beef and chicken
2. The consumer is at a higher level of satisfaction
3. The consumer is consuming less of beef and chicken
4. Both a and b

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