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    Microeconomics Study Set 45
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    Exam 7: Utility Maximization
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    With a Fixed Money Income, an Increase in the Price
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With a Fixed Money Income, an Increase in the Price

Question 278

Question 278

True/False

With a fixed money income, an increase in the price of one good and a decrease in the price of the other will cause the new budget line to intersect the original budget line.

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