1.

A consumer consumes only two goods. If the price of one of the goods falls, what happens to the indifference curve? a. Shifts upwards b. Shifts downwards c. Can shift both upwards or downwards d. Does not shift

Answer»

A consumer consumes only two goods. If the price of one of the goods falls, what happens to the indifference curve?

a. Shifts upwards

b. Shifts downwards

c. Can shift both upwards or downwards

d. Does not shift



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