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    Principles of Economics Study Set 5
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    Exam 21: The Theory of Consumer Choice
  5. Question
    Figure 21-2
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Figure 21-2

Question 462

Question 462

Essay

Figure 21-2.The graph shows two budget constraints for a consumer. Figure 21-2.The graph shows two budget constraints for a consumer.   -Refer to Figure 21-2.Suppose the price of a hamburger is $10 and Budget Constraint A applies.What is the consumer's income? What is the price of a light bulb?
-Refer to Figure 21-2.Suppose the price of a hamburger is $10 and Budget Constraint A applies.What is the consumer's income? What is the price of a light bulb?

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