When the Price of a Good Increases,the Higher Price Has

question 20

Multiple Choice

When the price of a good increases,the higher price has what result,all else being equal

• A)It contracts the consumer's set of buying opportunities.
• B)It leads to a parallel shift of the linear budget constraint.
• C)It will necessarily lead to an increase in the consumption of goods whose price did not change.
• D)It generally discourages the consumption of inferior goods.

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