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Figure 21-3 in Each Case, the Budget Constraint Moves from BC-1 to BC-1

Question 64

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 could reflect a simultaneous decrease in the price of good X and increase in the price of good Y? (i) graph a (ii) graph b (iii) graph c (iv) graph d A) (ii) only B) (iii) only C) (ii) or (iv) only D) None of the above is correct. 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 could reflect a simultaneous decrease in the price of good X and increase in the price of good Y? (i) graph a (ii) graph b (iii) graph c (iv) graph d A) (ii) only B) (iii) only C) (ii) or (iv) only D) None of the above is correct. 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 could reflect a simultaneous decrease in the price of good X and increase in the price of good Y? (i) graph a (ii) graph b (iii) graph c (iv) graph d A) (ii) only B) (iii) only C) (ii) or (iv) only D) None of the above is correct. 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 could reflect a simultaneous decrease in the price of good X and increase in the price of good Y? (i) graph a (ii) graph b (iii) graph c (iv) graph d A) (ii) only B) (iii) only C) (ii) or (iv) only D) None of the above is correct.
-Refer to Figure 21-3. Which of the graphs in the figure could reflect a simultaneous decrease in the price of good X and increase in the price of good Y?
(i) graph a
(ii) graph b
(iii) graph c
(iv) graph d


A) (ii) only
B) (iii) only
C) (ii) or (iv) only
D) None of the above is correct.

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