We derive the demand curve for X from indifference curves and a budget constraint by changing the

A) level of income.
B) price of X.
C) price of Y.
D) consumersʹ preferences.

Demand Curve

A graphical representation illustrating the relationship between product price and the quantity of the product demanded.

Indifference Curves

Graphical representations of different bundles of goods between which a consumer is indifferent, showing the same level of satisfaction or utility from each bundle.

Budget Constraint

The limits imposed on household or individual choices by income, wealth, and product prices.