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Which of the Following Statements Is Correct

Question 60

Multiple Choice

Which of the following statements is correct?


A) A budget line changes ONLY IF the person's budget changes.
B) Rich consumers are unaffected by prices.
C) Consumers have the ability to buy everything they desire.
D) A consumer's budget line shows the limits to what a consumer can buy.
E) A consumer's budget line shows the goods with the highest marginal utilities.

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