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The Budget Line Shift from Ab to Cd in the Figure

Question 132

Multiple Choice

The budget line shift from ab to cd in the figure is consistent with A) decreases in the prices of both M and N. B) an increase in the price of M and a decrease in the price of N. C) a decrease in money income. D) an increase in money income and decrease in the price of N. The budget line shift from ab to cd in the figure is consistent with


A) decreases in the prices of both M and N.
B) an increase in the price of M and a decrease in the price of N.
C) a decrease in money income.
D) an increase in money income and decrease in the price of N.

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