There Are Two Goods, X and Y, and the Absolute

question 161

Multiple Choice

There are two goods, X and Y, and the absolute price of good Y falls. It follows that

• A)a person can now buy more of good Y.
• B)a person cannot buy more of good Y.
• C)the slope of the budget constraint changes.
• D)the indifference curve between goods X and Y changes.
• E)a and c

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