The Compensated Budget Line Represents

question 56

Multiple Choice

The compensated budget line represents:

• A)the change in income required to move the individual to the new consumption point.
• B)the change in income required to move the individual to the old indifference curve.
• C)the change in income required to move an individual back to the old consumption point.
• D)the change in income required to move the individual to the new indifference curve.

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