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Suppose that a market basket of two goods is changed by adding-(Answered)

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Question

Suppose that a market basket of two goods is changed by adding more to one of the goods and

subtracting one unit from the other.

a) The consumer will rank the market basket more highly after the change.

b) The consumer will rank the market basket less highly after the change.

c) The consumer will be indifferent between the market baskets.

d) Any of the above statements may be true.

 

Paper#9209013 | Written in 27-Jul-2016

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