Tammy spends her money on lemonade and iced tea. If the price of lemonade falls, it is
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Tammy spends her money on lemonade and iced tea. If the price of lemonade falls, it is as though her income __________________.
a. Increases
b. Decreases
c. Stays the same
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a Increases A persons income is not same thing as their budget Rather their income is the amount of ...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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