For a Given Set of Prices,two Consumers Choose Bundles That

question 5

Multiple Choice

For a given set of prices,two consumers choose bundles that are off the contract curve.In a competitive market,

• A) prices will adjust until the consumers choose bundles that are on the contract curve.
• B) the indifference curves will shift back to the contract curve.
• C) the contract curve will shift to connect these bundles.
• D) no adjustments need to be made.

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