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A price decrease and an increase in income are similar in that a.-(Answered)

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Question

A price decrease and an increase in income are similar in that

a. both force the consumer to achieve a lower level of well-being.

b. both force the consumer to reach a lower indifference curve.

c. both move the budget line outward.

d. They are not similar at all

 

Paper#9209154 | Written in 27-Jul-2016

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