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C. ) Which budget line would be relevant to utility maximizationanalysis if money income rises from original level L1 while theprices of X and Y
C. ) Which budget line would be relevant to utility maximizationanalysis if money income rises from original level L1 while theprices of X and Y remain the same.Which combination of X and Y will the consumer choose?Choose corresponding letter. ////////////////////////D. ) How will optimum combinations change as budget moves fromL1 to L2? L1 to L3? Which combination contains more units ofeach good?
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