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Question 12

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Figure 5.8 Use the following to answer question: Figure 5.8 -(Figure 5.8) Refer to Figure 5.8, depicting the consumer's indifference curves and budget constraints. Suppose the consumer has $20 of income to spend on apple and prune juice. Which of the following statement(s) is (are) TRUE? A) I and II B) II and III C) II and IV D) I
-(Figure 5.8) Refer to Figure 5.8, depicting the consumer's indifference curves and budget constraints. Suppose the consumer has $20 of income to spend on apple and prune juice. Which of the following statement(s) is (are) TRUE? Use the following to answer question: Figure 5.8 -(Figure 5.8) Refer to Figure 5.8, depicting the consumer's indifference curves and budget constraints. Suppose the consumer has $20 of income to spend on apple and prune juice. Which of the following statement(s) is (are) TRUE? A) I and II B) II and III C) II and IV D) I


A) I and II
B) II and III
C) II and IV
D) I

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