Multiple Choice
-Use the above figure. When the budget line rotates from "b" to "c"
A) the price of product J increases and the quantity demanded of product J decreases.
B) the price of product J decreases and the quantity demanded of product J increases.
C) the price of product K increases and the quantity demanded of product K decreases.
D) the price of product K decreases and the quantity demanded of product K increases.
Correct Answer:

Verified
Correct Answer:
Verified
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