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Suppose William can choose between the consumption of two goods. If we observe that William's budget constraint has moved inward, then we know for certain

Suppose William can choose between the consumption of two goods. If we observe that William's budget constraint has moved inward, then we know for certain that a. he will be indifferent between the two goods. b. his utility will decrease. c. the price of one or both of the goods must have increased. d. his income must have decreased

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