Multiple Choice
-Use the above figure. The consumer's choice changes from YB to YA. Which of the following statements is TRUE?
A) This change in the consumer's choice results from a rise in the price of good Y.
B) This change in the consumer's choice results from a fall in the price of good X.
C) This change in the consumer's choice results from a rise in the price of good X.
D) This change in the consumer's choice results from an increase in the consumer's income.
Correct Answer:
Verified
Correct Answer:
Verified
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