If the Consumer's Income and All Prices Simultaneously Decrease by One-Half,then

question 34

Multiple Choice

If the consumer's income and all prices simultaneously decrease by one-half,then

• A)the optimum will shift outward relative to the old optimum.
• B)the optimum will move leftward along the old budget constraint.
• C)the optimum will shift inward relative to the old optimum.
• D)the optimum will not change.

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