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nana123 nana123
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5 years ago
The quantity of good M is measured along the vertical axis, and the quantity of good N is measured along the horizontal axis. If the prices of both goods M and N declines by 50% each, then the budget line
A) shifts inward to the left by 50%.
B) shifts outward to the right by 50%.
C) shifts outward to the right by 100%.
D) rotates clockwise by 180 degrees.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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dri
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5 years ago
 C
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