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


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