Multiple Choice
In the following graph the price of Y is $15.What does the curve in the lower graph show? 
A) how a consumer's utility-maximizing choices of X and Y change when the budget constraint changes
B) how a consumer's preferences change when income changes
C) how a consumer's utility-maximizing choices of X changes when the price of X changes
D) how a consumer's utility-maximizing choices of Y changes when the price of Y changes
E) both c and d
Correct Answer:
Verified
Correct Answer:
Verified
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