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    Exam 9: Possibilities, Preferences, and Choices
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    -In the Above Figure, If the Budget Line Shifts from RT
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-In the Above Figure, If the Budget Line Shifts from RT

Question 259

Question 259

Multiple Choice

  -In the above figure, if the budget line shifts from RT to RS, the substitution effect is illustrated by the move from A)  a to b. B)  a to c. C)  b to c. D)  T to S.
-In the above figure, if the budget line shifts from RT to RS, the substitution effect is illustrated by the move from


A) a to b.
B) a to c.
C) b to c.
D) T to S.

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