Multiple Choice
Refer to Figure 6.1.Assume that L1 represents the budget line before a price change.Point B represents the: 
A) uncompensated effect of an increase in the price of bread.
B) uncompensated effect of a decrease in the price of soup.
C) uncompensated effect of an increase in the price of soup.
D) compensated effect of an increase in the price of soup.
Correct Answer:
Verified
Correct Answer:
Verified
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