Panel A CandyPopcorned Edit Coordinates (0,0) The image is a graph labeled Panel A that shows a shift in the optimum commodity bundle of a consumer who consumes candies and popcorn. The horizontal axis measures candies, and the vertical axis measures popcorn. There is a downward-sloping, linear line and a downward-sloping, convex curve that are tangent to each other at a point labeled d. There is a rotation of the budget line on the horizontal axis such that the new budget line has the same horizontal intercept as the initial one but a higher vertical intercept. The new budget line is tangent to a higher indifference curve at a point labeled e. Point e lies above and to the left of point d.

Panel B CandyPopcorngf Edit Coordinates (0,0) The image is a graph labeled Panel B that shows a shift in the optimum commodity bundle of a consumer who consumes candies and popcorn. The horizontal axis measures candies and the vertical axis measures popcorn. There is a downward-sloping, linear line and a downward-sloping, convex curve that are tangent to each other at a point labeled f. There is a parallel, outward shift of the budget line such that the new budget line has a higher vertical and horizontal intercept compared to the initial one. The new budget line is tangent to a higher indifference curve at a point labeled g. Point g lies above point f.

Panel C CandyPopcornkh Edit Coordinates (0,0) The image is a graph labeled Panel C that shows a shift in the optimum commodity bundle of a consumer who consumes candies and popcorn. The horizontal axis measures candies and the vertical axis measures popcorn. There is a downward-sloping, linear line and a downward-sloping, convex curve that are tangent to each other at a point labeled h. There is a rotation of the budget line on the vertical axis such that the new budget line has the same vertical intercept as the initial one but a higher horizontal intercept. The new budget line is tangent to a higher indifference curve at a point labeled k. Point k lies above and to the right of point h.

The above panels show various combinations of indifference curves and budget constraints for two? products: Popcorn and Candy.

Refer to the diagrams above. A change in the price of candy only is shown in

A.

Panel

A.

B.

Panel

B.

C.

Panel

C.

D.

None of the above.