Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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