With an Increase in Income,we Can Predict That a Consumer

question 45

Multiple Choice

With an increase in income,we can predict that a consumer will choose a new market basket

• A) on a lower indifference curve.
• B) on the same indifference curve but the new budget line.
• C) on a higher indifference curve that passes through the new budget line.
• D) on a higher indifference curve that is tangent to the new budget line

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