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If a Good's Price Is Volume Sensitive,the Consumer Will

Question 5

Multiple Choice

If a good's price is volume sensitive,the consumer will:


A) choose the bundle on the budget line that lies on the lowest indifference curve.
B) choose the bundle on the budget line where the budget line is "kinked."
C) choose a boundary solution.
D) choose the bundle on the budget line that lies on the highest indifference curve.

Correct Answer:

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