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Lucy Buys Only Magazines and CDs

Question 87

Multiple Choice

Lucy buys only magazines and CDs.Both are normal goods.Lucy's income decreases,but the prices of magazines and CDs do not change.Marginal utility theory predicts that


A) Lucy buys more magazines and more CDs.
B) Lucy buys fewer magazines and fewer CDs.
C) Lucy's demand curve for magazines shifts leftward.
D) Lucy's demand curve for CDs shifts leftward.
E) B,C,and D are correct.

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