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Question 32

Multiple Choice

Use the following to answer questions:
Figure: Budget Constraint 4 Use the following to answer questions: Figure: Budget Constraint 4   -(Figure: Budget Constraint 4)  Refer to the figure. This figure represents the budget constraint of a consumer who purchases flip-flops and sneakers. If the price of sneakers rises, then the budget constraint will: A)  not change. B)  become steeper. C)  become flatter. D)  shift to the left.
-(Figure: Budget Constraint 4) Refer to the figure. This figure represents the budget constraint of a consumer who purchases flip-flops and sneakers. If the price of sneakers rises, then the budget constraint will:


A) not change.
B) become steeper.
C) become flatter.
D) shift to the left.

Correct Answer:

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