If a Good's Price Is Volume Sensitive,the Consumer Will

question 5

Multiple Choice

If a good's price is volume sensitive,the consumer will:

• A) choose the bundle on the budget line that lies on the lowest indifference curve.
• B) choose the bundle on the budget line where the budget line is "kinked."
• C) choose a boundary solution.
• D) choose the bundle on the budget line that lies on the highest indifference curve.

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