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Assume That a Consumer Purchases Only Two Products

Question 25

Multiple Choice

Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two products also double. These changes in income and prices will result in:


A) A shift of the budget line inward to the left
B) A shift of the budget line outward to the right
C) No change in the budget line
D) An increase in the slope of the budget line

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