(Figure: Budget Constraints and Indifference Curves I) the Figure Shows

question 12

Multiple Choice

(Figure: Budget Constraints and Indifference Curves I) The figure shows budget constraints and indifference curves for a representative individual. Identify the substitution effect of the increase in the wage rate in the associated graph.

• A) C to B
• B) B to A
• C) A to C
• D) A to B

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