-Use the Above Figure

question 64

Multiple Choice

-Use the above figure. When the budget line rotates from "b" to "c"

• A) the price of product J increases and the quantity demanded of product J decreases.
• B) the price of product J decreases and the quantity demanded of product J increases.
• C) the price of product K increases and the quantity demanded of product K decreases.
• D) the price of product K decreases and the quantity demanded of product K increases.

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