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Villerys39 Villerys39
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5 years ago



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

• This change in the consumer's choice results from a rise in the price of good X.

• This change in the consumer's choice results from a fall in the price of good X.

• This change in the consumer's choice results from an increase in the consumer's income.

• This change in the consumer's choice results from a rise in the price of good Y.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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qwer34qwer34
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5 years ago
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Villerys39 Author
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#2
5 years ago
Brilliant
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