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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 6: Appendix--Indifference Curves and Utility Maximization
  5. Question
    Exhibit 6-27 the Rotation of the Budget Line in Exhibit
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Exhibit 6-27 the Rotation of the Budget Line in Exhibit

Question 11

Question 11

Multiple Choice

Exhibit 6-27 Exhibit 6-27   The rotation of the budget line in Exhibit 6-27 from AC to AB represents a(n)  A) increase in the price of clams B) increase in the price of mussels C) decrease in the price of clams D) decrease in the price of mussels E) increase in the amount the consumer can spend The rotation of the budget line in Exhibit 6-27 from AC to AB represents a(n)


A) increase in the price of clams
B) increase in the price of mussels
C) decrease in the price of clams
D) decrease in the price of mussels
E) increase in the amount the consumer can spend

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