Multiple Choice
An increase in the price of a good
A) rotates the budget line inward and changes its slope.
B) rotates the budget line outward and changes its slope.
C) results in a movement downward along the budget line.
D) results in a movement upward along the budget line.
E) shifts the budget line inward and does not change its slope.
Correct Answer:
Verified
Correct Answer:
Verified
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