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Exhibit 20-8 ​

Question 45

Multiple Choice

Exhibit 20-8
​
Exhibit 20-8 ​ -Refer to Exhibit 20-8. If the price of good X falls, the budget constraint moves from budget constraint A) 1 to 2. B) 3 to 2. C) 3 to 1. D) 1 to 3.
-Refer to Exhibit 20-8. If the price of good X falls, the budget constraint moves from budget constraint


A) 1 to 2.
B) 3 to 2.
C) 3 to 1.
D) 1 to 3.

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