18. Consumer Choice and Behavioral Economics
Budget Constraint
18. Consumer Choice and Behavioral Economics
Budget Constraint
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- Multiple Choice
The Amazing Andy spends all of his $1,200 income on magic tricks. If card tricks cost $50 and wand tricks cost $300, which of the following consumption bundles lies upon Amazing Andy's budget constraint?
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An increase in income will:
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A change in the price of one good will:
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A consumption bundle inside the budget line
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