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The Below Figure Shows the Various Combinations of the Goods

Question 118

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The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3 -As the price of a good declines, a utility-maximizing consumer will respond by purchasing more of that good.
-As the price of a good declines, a utility-maximizing consumer will respond by purchasing more of that good.

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