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Exhibit 20-8 ​ Refer to Exhibit 20-8. If the Price of Good X

Question 55

Multiple Choice

Exhibit 20-8 ​
Exhibit 20-8 ​ Refer to Exhibit 20-8. If the price of good X rises, the budget constraint moves from budget constraint A) 1 to 2. B) 2 to 3. C) 3 to 1. D) 1 to 3. E) a or c
Refer to Exhibit 20-8. If the price of good X rises, the budget constraint moves from budget constraint


A) 1 to 2.
B) 2 to 3.
C) 3 to 1.
D) 1 to 3.
E) a or c

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