Multiple Choice
In an indifference curve/budget line diagram,generally when the price of a good increases,the consumer purchases
A) less of the good and moves to a lower indifference curve.
B) less of the good and moves to a higher indifference curve.
C) more of the good and moves to a higher indifference curve.
D) more of the good and moves to a lower indifference curve.
E) the same amount of the good and moves to a higher indifference curve.
Correct Answer:

Verified
Correct Answer:
Verified
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