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Management · Q358

Managerial Economics

Graduate and Post Graduate · Management · question 358

Q358

Other things remaining the same, when a consumer's income increases, his equilibrium point moves to

A.
A higher indifference curve
Answer
B.
Moves to the left-hand side on the same indifference curve
C.
Remains unchanged on the same indifference curve
D.
A lower indifference curve

Answer: Option A

Solution

Answer: Option A
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