If We Observe That Jamie's Budget Constraint Has Moved Outward

question 408

Multiple Choice

If we observe that Jamie's budget constraint has moved outward, then we know for certain that

• A)her income must have increased.
• B)she will be indifferent between goods X and Y.
• C)the price of one or both of the goods must have decreased.
• D)she can reach a higher indifference curve.

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