Solved

If a Product's Price Falls and the Consumer Buys 4

Question 49

Multiple Choice

If a product's price falls and the consumer buys 4 units,as they did before the price change,then the:


A) budget line will be unaffected.
B) budget line must shift inward to the origin.
C) budget line may shift either outward from or inward to the origin.
D) consumer will no longer be in equilibrium.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents