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Commerce · Q449

Economics

Graduate and Post Graduate · Commerce · question 449

Q449

In the indifference curve/budget line diagram, the consumer reaches higher indifference curves when

A.
Their budget decrease
B.
The price of only the goods measured along Y-axis increases
C.
The price of either good falls
Answer
D.
The price of either good rises

Answer: Option C

Solution

Answer: Option C
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