Use the following to answer questions:
Figure: Music and Movie Downloads
-Figure: Music and Movie Downloads 2 Refer to figure. What could have caused the shift of the budget constraint in this figure?
A) The price of music downloads decreased.
B) The price of movie downloads increased.
C) The consumer's income increased.
D) The consumer's income decreased.
Correct Answer:
Verified
Q29: Use the following to answer questions:
Figure: Music
Q30: Use the following to answer questions:
Figure: Budget
Q31: If the budget constraint shifts northeast or
Q32: Use the following to answer questions:
Figure: Budget
Q33: Constant marginal utility means that one's first
Q35: Assume that the unit price of good
Q36: Assume that the unit price of good
Q37: Increasing marginal utility means that one's first
Q38: Use the following to answer questions:
Figure: Budget
Q39: Increasing marginal utility means that marginal utility
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