Multiple Choice
With an increase in income,we can predict that a consumer will choose a new market basket
A) on a lower indifference curve.
B) on the same indifference curve but the new budget line.
C) on a higher indifference curve that passes through the new budget line.
D) on a higher indifference curve that is tangent to the new budget line
Correct Answer:

Verified
Correct Answer:
Verified
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