Figure 5-13 -According to Figure 5-13, If the Price of Good X

question 24

Multiple Choice

Figure 5-13
-According to Figure 5-13, if the price of good X falls, the optimal combination will move

• A)from U1 to a point on a higher indifference curve, such as U3.
• B)from U2 to a point on a higher indifference curve, such as U3
• C)from U1 to a point on a higher indifference curve, such as U3
• D)from U2 to a point on a higher indifference curve, such as U1.

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Art Collection

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