Multiple Choice
In the indifference curve/budget line diagram,consumers reach higher indifference curves when
A) their budget decreases.
B) the price of only the good measured along the y-axis increases.
C) the price of only the good measured along the x-axis increases.
D) the price of either good falls.
E) the price of either good rises.
Correct Answer:
Verified
Correct Answer:
Verified
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