Multiple Choice
Exhibit 6A-5 Consumer Equilibrium
-Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AB to AC, then the:
A) price of good Y has increased.
B) price of good X has decreased.
C) price of good X has increased.
D) consumer's budget has decreased.
Correct Answer:
Verified
Correct Answer:
Verified
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