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Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis ...

corie

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Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis ...

Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifference map. If the price of clothing increases and the price of food and income do not change, then the budget line changes by rotating:
A) counter-clockwise about the fixed vertical axis intercept.
B) clockwise about the fixed vertical axis intercept.
C) counter-clockwise about the fixed horizontal axis intercept.
D) clockwise about the fixed horizontal axis intercept.
E) none of the above

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Microeconomics

Edition: 8^th

Author: Pindyck

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boransal

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More solutions for this book are available here

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corie Author

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6 years ago

Good timing, thanks!

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This helped my grade so much Perfect

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this is exactly what I needed

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