Refer to the Graph

question 286

Multiple Choice

Refer to the graph. As the consumer equilibrium point shifts from point a to point b,

• A)the consumer's purchase of good 2 decreases even though its price stays constant.
• B)the slope of the budget line decreases because the price of good 1 increased.
• C)the marginal utility of good 1 increases and the marginal utility of good 2 decreases.
• D)the consumer's total utility decreases.

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