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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 21-17 -Refer to Figure 21-17. When the Price of X Is
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Figure 21-17 -Refer to Figure 21-17. When the Price of X Is

Question 14

Question 14

Multiple Choice

Figure 21-17 Figure 21-17   -Refer to Figure 21-17. When the price of X is $6, the price of Y is $24, and income is $48, Paul's optimal choice is point C. Then the price of Y decreases to $6. Paul's new optimal choice is point A) A. B) B. C) D. D) E.
-Refer to Figure 21-17. When the price of X is $6, the price of Y is $24, and income is $48, Paul's optimal choice is point C. Then the price of Y decreases to $6. Paul's new optimal choice is point


A) A.
B) B.
C) D.
D) E.

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