After a Price Decrease for Good X,the New Consumer Equilibrium

question 52

Multiple Choice

After a price decrease for good X,the new consumer equilibrium level of good X will be:

• A) higher than before the price change.
• B) lower than before the price change.
• C) indeterminate without more information.
• D) the same as before the price change.

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Definitions:

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Propagation

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