Q57 Cannabis was legalized in 2017 Canada. Assume that the price of cannabis (C) (measured on the horizontal axis) is $9 per ounce and the price of liverwort (L) (measured on the vertical axis) is $4 per ounce. If the price of cannabis declines to $6 per ounce, the budget line will: Multiple Choice shift inward on the horizontal axis. touch the indifference curve at its inflection point. be unaffected. shift outward on the vertical axis. shift outward on the horizontal axis.

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Q: Question 22: Kathy gets utility from three things: the number of flowers in her local park (F),…

A:

Q: Bundle A (q1=1, q2=8) and bundle B (q1=6, q2=2) are on the same indifference curve for an…

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