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Question 1 In the figure below, bundle A is the utility maximizing bundle for an individual with an income of y facing a price of
Question 1 In the figure below, bundle A is the utility maximizing bundle for an individual with an income of y facing a price of Pi for good #1 and a price of P2for good #2. Which one of the following statements could explain the individual's utility maximizing bundle moving to point B in the figure below: 92 P2 91 P1 Note: If no image appears above, click here. The price of good #1 increases and the goods are substitutes The price of good #1 decreases and the goods are complements O The price of good #2 increases and the goods are complements The price of good #2 decreases and the goods are substitutes
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