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if the price of a good increase and the good is a normal good the budget constraint will pivot inward and consumption of the good should decrease true false

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 12PA

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if the price of a good increase and the good
is a normal good the budget constraint will
pivot inward and consumption of the good
should decrease
true
false

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