If C₀ and C₁ are Both Normal Goods, for Someone

question 34

Multiple Choice

If C₀ and C₁ are both normal goods, for someone who borrows in the initial equilibrium, when i
Rises:

• A)C₀ declines.
• B)C₀ increases.
• C)C₀ and C₁ both increase.
• D)C₁ increases.

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