Multiple Choice
Refer to the following:
The consumer faces a budget constraint because the market price of X is $3, the market price of Y is $3, and the consumer's budget is $90.
-In order for this consumer to choose the corner solution at point E, which of the following must occur?
A) price of X must rise to $6.
B) price of Y must rise to $6.
C) price of X must rise to $9.
D) price of Y must rise to $9.
Correct Answer:
Verified
Correct Answer:
Verified
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