Use the following to answer question(s) : Consumer Equilibrium 2
-(Exhibit: Consumer Equilibrium 2) Given the exhibit, which of the following is (are) true?
A) To increase utility beyond that received at point I requires a change in the preferences of the consumer.
B) Point J could be attained with an increase in the consumer's budget.
C) An increase in the prices of good X and good Y would allow the consumer to attain point J.
D) Both A and B are true.
Correct Answer:
Verified
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