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Suppose a Consumer Must Pay $P Per Visit to the Local

Question 3

Multiple Choice

Suppose a consumer must pay $P per visit to the local museum for each of the first 10 visits but only $P/2 per visit from the 11th visit on.With a composite consumption good on the Y-axis and visits to the museum on the X-axis,the budget line:


A) is vertical after 10 visits.
B) becomes steeper after 10 visits.
C) becomes flatter after 10 visits.
D) shifts outward after 10 visits.

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