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Assume Claudia's Budget Constraint Is Demonstrated by Line a in the Graph

question 33

Multiple Choice

  Assume Claudia's budget constraint is demonstrated by line A in the graph shown.Which of the following would cause Claudia's budget constraint to shift to line C? A)  Claudia's income increased. B)  Claudia's income decreased. C)  Claudia's preferences for these two goods decreased. D)  The prices of both goods have gone down. Assume Claudia's budget constraint is demonstrated by line A in the graph shown.Which of the following would cause Claudia's budget constraint to shift to line C?

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Definitions:

Theories

Systematically organized knowledge applicable in a wide variety of circumstances, especially to explain the nature or behavior of a specific set of phenomena.

Discovered

The process of uncovering or finding something unknown or unrecognized.

Nature

The collective manifestations of the physical realm, encompassing flora, fauna, terrains, and various natural formations and outputs of the planet, in contrast to entities or constructs made by humans.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.

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