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Costa Costa
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Posts: 1009
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6 years ago
If the consumer is in equilibrium, other things being equal:
A) an increase in income will have no effect on the equilibrium position
B) an increase in income will enable the consumer to attain a higher level of satisfaction
C) an increase in income will shift the indifference curves out from the origin
D) an increase in income will result in a rotation of the budget line to a new equilibrium position
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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Replies
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6 years ago
B
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