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    Principles of Microeconomics Study Set 10
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    Exam 21: The Theory of Consumer Choice
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    Figure 21-3 in Each Case, the Budget Constraint Moves from BC-1 to BC-1
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Figure 21-3 in Each Case, the Budget Constraint Moves from BC-1 to BC-1

Question 74

Question 74

Multiple Choice

Figure 21-3
In each case, the budget constraint moves from BC-1 to BC-2. Figure 21-3 In each case, the budget constraint moves from BC-1 to BC-2.         -Refer to Figure 21-3. Which of the graphs in the figure reflects a decrease in the price of good Y only? A) graph a B) graph b C) graph c D) graph d Figure 21-3 In each case, the budget constraint moves from BC-1 to BC-2.         -Refer to Figure 21-3. Which of the graphs in the figure reflects a decrease in the price of good Y only? A) graph a B) graph b C) graph c D) graph d Figure 21-3 In each case, the budget constraint moves from BC-1 to BC-2.         -Refer to Figure 21-3. Which of the graphs in the figure reflects a decrease in the price of good Y only? A) graph a B) graph b C) graph c D) graph d Figure 21-3 In each case, the budget constraint moves from BC-1 to BC-2.         -Refer to Figure 21-3. Which of the graphs in the figure reflects a decrease in the price of good Y only? A) graph a B) graph b C) graph c D) graph d
-Refer to Figure 21-3. Which of the graphs in the figure reflects a decrease in the price of good Y only?


A) graph a
B) graph b
C) graph c
D) graph d

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