Multiple Choice
Suppose a consumer spends all income on goods X and Y. Suppose the price of good X increases and the consumer's income increases. Which of the following must be true?
A) The amount of good X that the consumer can purchase increases.
B) The amount of good Y that the consumer can purchase increases.
C) Both A and B.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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