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Question
Use the above figure. The consumerʹs choice changes from Y B to YA. Which of the following statements is true?
A) This change in the consumerʹs choice results from a rise in the price of good Y.
B) This change in the consumerʹs choice results from a fall in the price of good X.
C) This change in the consumerʹs choice results from a rise in the price of good X.
D) This change in the consumerʹs choice results from an increase in the consumerʹs income.
Answer
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Related questions
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