Multiple Choice
Figure 21-29
The figure below illustrates the preferences of a representative consumer, Nathaniel.
-Refer to Figure 21-29. A change in Nathaniel's optimum from point A to point B results from
A) a change in Nathaniel's preferences.
B) an increase in the income Nathaniel receives when he is young.
C) an increase in the interest rate.
D) a decrease in the interest rate.
Correct Answer:

Verified
Correct Answer:
Verified
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