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As Shown in the Figure Below a Shift in the Budget

Question 14

Multiple Choice

As shown in the figure below a shift in the budget line from AB to AC represents: As shown in the figure below a shift in the budget line from AB to AC represents: A) an increase in the price of good 1. B) an increase in the price of good 2. C) a decrease in the price of good 1. D) a decrease in the price of good 2 E) none of the above.


A) an increase in the price of good 1.
B) an increase in the price of good 2.
C) a decrease in the price of good 1.
D) a decrease in the price of good 2
E) none of the above.

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