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Other Fields Homework Help Economics Topic started by: suiren on Mar 3, 2019



Title: Use the above figure. The consumer's choice changes from YA to YB. Which of the following ...
Post by: suiren on Mar 3, 2019

Question 1.

Use the above figure. The consumer's choice changes from YB to YA. Which of the following statements about good Y is TRUE?

• price has decreased and the quantity demanded has fallen.

• price has increased and the quantity demanded has fallen.

• price has increased and the quantity demanded has risen.

• price has decreased and the quantity demanded has risen.

Question 2.

Use the above figure. The consumer's choice changes from YA to YB. Which of the following statements about good Y is TRUE?

• price has increased and the quantity demanded has risen.

• price has increased and the quantity demanded has fallen.

• price has decreased and the quantity demanded has risen.

• price has decreased and the quantity demanded has fallen.


Title: Use the above figure. The consumer's choice changes from YA to YB. Which of the following ...
Post by: shamanie on Mar 3, 2019
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