Business, 27.08.2021 21:50, snoodledoodlebop
A consumer allocates all income between two products, A and B. If, on an indifference map, the equilibrium position shifts onto a higher indifference curve, then:.
a. The consumer must be purchasing more of both products
b. The prices of A and B must have increased
c. The relative prices of A and B must have changed
d. Total utility must have increased
Answers: 2
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A consumer allocates all income between two products, A and B. If, on an indifference map, the equil...
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