When the price of a good decreases, the budget constraint shifts out parallel to the original budget constraint.
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Q87: Refer to the information provided in Figure
Q88: When the price of a good increases,
Q89: Price increases cause a decrease in a
Q90: Sonia has $2,400 a month to spend
Q91: Hector has $2,000 a month to spend
Q93: If a household's income rises by 30%,
Q94: Homogeneous products are distinguishable from each other.
Q95: Refer to the information provided in Figure
Q96: Carlos can buy either sushi or eggrolls.
Q97: Carlos can buy either sushi or eggrolls.
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