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A line segment on a coordinate plane. A coordinate plane has a horizontal axis labeled Electronic Devices and a vertical axis labeled Everything Else. A
A line segment on a coordinate plane. A coordinate plane has a horizontal axis labeled Electronic Devices and a vertical axis labeled Everything Else. A line segment that falls from left to right starts at a point on the vertical axis and ends at a point on the horizontal axis. Point M is plotted on the segment. Point A is plotted above and to the left of M. Point B is plotted directly below M. Point C is plotted above and to the right of M. The figure above shows a budget constraint curve for electronic devices. The utility-maximizing choice labeled M. Assume that electronic devices are normal goods. If the price of electronic devices increases, which of the following could be the location of the new utility-maximizing choice? Select the correct answer below: A B C The utility-maximizing choice will remain at M
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