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Question
If a combination of items exists to the right of the budget constraint line, the consumer
a. must consume less of one item in order to afford.
b. cannot afford.
c. must increase the variety of items in the combination.
d. must decrease the variety of items in the combination.
e. will be able to afford sometime in the future.
Answer
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Related questions
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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