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In the Figure Below, a Shift in the Budget Line

Question 12

Multiple Choice

In the figure below, a shift in the budget line from AC to BC represents: In the figure below, a shift in the budget line from AC to BC represents: A) a decrease in income. B) an increase in good 2's price. C) an increase in good 1's price. D) a decrease in good 2's price. E) a decrease in good 1's price.


A) a decrease in income.
B) an increase in good 2's price.
C) an increase in good 1's price.
D) a decrease in good 2's price.
E) a decrease in good 1's price.

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