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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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corie Author

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6 years ago

Thank you, thank you, thank you!

spaghetti

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this is exactly what I needed

Jadakiss

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