Exhibit 6A-5 Consumer Equilibrium

question 144

Multiple Choice

Exhibit 6A-5 Consumer Equilibrium
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Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AB to AC, then the equilibrium points X and Y:

• A) result from a decrease in the price of good X.
• B) are two points along a downward sloping demand curve for good X.
• C) result from a decrease in the consumer's budget.
• D) result from a decrease in the price of good Y.

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