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Assume That a Person Has a Quasi-Linear Utility Function of the Form

Question 7

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assume that a person has a quasi-linear utility function of the form assume that a person has a quasi-linear utility function of the form   -If this person starts from a utility maximizing position,an increase in income will cause:​ A) ​more of both goods to be bought. B) ​more of only good y to be bought. C) ​more of only good x to be bought. D) ​more x and less y to be bought.
-If this person starts from a utility maximizing position,an increase in income will cause:​


A) ​more of both goods to be bought.
B) ​more of only good y to be bought.
C) ​more of only good x to be bought.
D) ​more x and less y to be bought.

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