The budget line is steep when X in inexpensive relative to Y.
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Q11: If the consumer chooses not to purchase
Q12: If the consumer's income and all prices
Q13: A doubling of all prices has the
Q14: If the indifference curve is not tangent
Q15: When using the composite good convention all
Q17: There are an infinite number of choices
Q18: The budget line illustrates the consumer's opportunities
Q19: Indifference curves fill the fourth quadrant of
Q20: Along a convex indifference curve,the marginal value
Q21: If the consumer has the same tax
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