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    Business
  3. Study Set
    Microeconomic Theory Basic
  4. Exam
    Exam 2: Utility Maximization and Choice
  5. Question
    If the Price of X Falls,the Budget Constraint
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If the Price of X Falls,the Budget Constraint

Question 4

Question 4

Multiple Choice

If the price of x falls,the budget constraint:


A) shifts outward in a parallel fashion.
B) shifts inward in a parallel fashion.
C) rotates outward about the x-intercept.
D) rotates outward about the y-intercept.

Correct Answer:

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