Multiple Choice
Graph 22-3 
-Refer to Graph 22-3.Suppose that these budget lines exist for the same consumer who faced the same budget constraint in both panels.What can we infer about the prices of the two goods?
A) the price of Y in panel a is higher than the price of Y in panel b
B) the prices of both X and Y are lower in panel a
C) the price of X in panel a is higher than the price of X in panel b
D) none of the above are true
Correct Answer:
Verified
Correct Answer:
Verified
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