Multiple Choice
Assume Doug's budget constraint is represented by line C in the graph shown. Which of the following would cause Doug's budget constraint to shift to line B?
A) Doug loses his job.
B) Doug finds soda at a warehouse outlet for a lower price.
C) Doug's grocery store raises the price of milk by 10 percent.
D) Doug's grocery store lowers all prices by 33 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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