Multiple Choice
Figure 21-3
In each case, the budget constraint moves from BC1 to BC2.
Graph (a)
Graph (b)
Graph (c)
Graph (d)
-Refer to Figure 21-3. Which of the graphs in the figure could reflect a simultaneous increase in the price of good X and decrease in the price of good Y?
A) Graph (a)
B) Graph (b)
C) Graph (c)
D) Graph (d)
Correct Answer:

Verified
Correct Answer:
Verified
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