IF A PRODUCT'S PRICE FALLS AND THE CONSUMER BUYS 4 UNITS, AS THEY...

47. - TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
47. If a product's price falls and the consumer buys 4 units, as they did before the price change, then the:budget line will be unaffected.budget line must shift inward to the origin.budget line may shift either outward from or inward to the origin.→ consumer will no longer be in equilibrium. AACSB: AnalyticBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 01-04 List the categories of scarce resources and delineate the nature of the economizing problem.Topic: Individual's economic problemMultiple Choice Question