Multiple Choice
There are two goods, X and Y, and the absolute price of good Y falls. It follows that
A) a person can now buy more of good Y.
B) a person cannot buy more of good Y.
C) the slope of the budget constraint changes.
D) the indifference curve between goods X and Y changes.
E) a and c
Correct Answer:
Verified
Correct Answer:
Verified
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Q166: Exhibit 20-7<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-7