As a Consumer Moves Along a Budget Constraint

question 7

Multiple Choice

As a consumer moves along a budget constraint:

• A) prices are held constant, but income changes.
• B) income is held constant, but prices change.
• C) prices and income are held constant, but quantities change.
• D) total utility is held constant, but prices and income change.

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Definitions:

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Image taken by an artificial satellite and generally depicting the types of materials on the surface of Earth or another planetary object.

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