-Consider the Change in the Price of a Book Depicted

question 85

Multiple Choice

-Consider the change in the price of a book depicted in the above figure. The original budget line is BC. The new budget line is BD. As a result of this price change, the income effect can be represented by a movement from

• A) point E to point F.
• B) point G to point A.
• C) point G to point F.
• D) point A to point F.

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