Exhibit 6A-3 Consumer Equilibrium

question 234

Multiple Choice

Exhibit 6A-3 Consumer equilibrium
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-Given the budget line and indifference curves shown in Exhibit 6A-3, assume the consumer is initially at point Y. To maximize total utility, the consumer should:

• A) purchase more of good Y and less of good X.
• B) remain at point Y.
• C) move to point X and then point Y.
• D) purchase more of good X and less of good Y.

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