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Question
Use the above figure. Last week Joe consumed combination ʺAʺ of goods ʺXʺ and ʺY.ʺ This week he purchased combination ʺB.ʺ The reason for this change is that the
A) price of good X has increased.
B) price of good X has decreased.
C) price of good Y has decreased.
D) price of good Y has increased.
Answer
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Related questions
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Why?
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