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In the Following Graph the Price of Y Is $15

Question 84

Multiple Choice

In the following graph the price of Y is $15.At point B, In the following graph the price of Y is $15.At point B, A) the consumer can exchange one unit of X for one unit of Y and keep income unchanged. B) the marginal rate of substitution of X for Y is greater than it is at point A. C) the consumer's utility is greater than it is at point A. D) both a and b E) all of the above


A) the consumer can exchange one unit of X for one unit of Y and keep income unchanged.
B) the marginal rate of substitution of X for Y is greater than it is at point A.
C) the consumer's utility is greater than it is at point A.
D) both a and b
E) all of the above

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