Multiple Choice
Refer to the graph. As the consumer equilibrium point shifts from point a to point b,
A) the consumer's purchase of good 2 decreases even though its price stays constant.
B) the slope of the budget line decreases because the price of good 1 increased.
C) the marginal utility of good 1 increases and the marginal utility of good 2 decreases.
D) the consumer's total utility decreases.
Correct Answer:

Verified
Correct Answer:
Verified
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