Multiple Choice
Use the figure below to answer the following questions. Figure 9.3.3
-Consider an initial budget line labelled RT in Figure 9.3.3.What would rotate the budget line to RS?
A) a rise in the price of good X
B) a fall in the price of good X
C) a rise in the price of good Y
D) a decrease in the preference for good X
E) an increase in real income
Correct Answer:

Verified
Correct Answer:
Verified
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