Question: How would the following change affect consumer choice? Select the best answer. Total utility for one good decreases The budget constraint is shifted in to

  1. How would the following change affect consumer choice? Select the best answer.

Total utility for one good decreases

  1. The budget constraint is shifted in to the left
  2. The budget constraint changes slope and less of the good can be purchased
  3. The budget constraint changes slope and more of the good can be purchased
  4. It is not possible to predict the change on consumer choice

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