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If bundles of goods A and B lie on the same indifference curve, one can assume the individual: a. prefers bundle A to bundle B

If bundles of goods A and B lie on the same indifference curve, one can assume the individual:

a.

prefers bundle A to bundle B.

b.

bundle A contains the same goods as bundle B.

c.

prefers bundle B to bundle A.

d.

enjoys bundle A and B equally.

If the price of x falls, the budget constraint:

a.

rotates outward about the y-intercept.

b.

rotates outward about the x-intercept.

c.

shifts outward in a parallel fashion.

d.

shifts inward in a parallel fashion.

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