In the Theory of Indifference Curve Analysis, If Prices Remain

question 287

Multiple Choice

In the theory of indifference curve analysis, if prices remain the same but the budget curve shifts inward

• A) relative prices are changed.
• B) utility maximization is not altered because relative prices remain the same.
• C) consumers will not be able to maximize their satisfaction.
• D) satisfaction is maximized but at a lower level.

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