Good Y > YA 0 B A U A decrease in demand for good Y An...
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Good Y > YA 0 B A U₁ A decrease in demand for good Y An increase in demand for good Y An increase in demand for good X OA decrease in demand for good X - Uo Good X In the graph above, a decrease in the price of good Y will result in: Good Y > YA 0 B A U₁ A decrease in demand for good Y An increase in demand for good Y An increase in demand for good X OA decrease in demand for good X - Uo Good X In the graph above, a decrease in the price of good Y will result in:
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Correct option 4 As price of Y decreased budget line shift... View the full answer
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