Suppose an individual's budget line moved as shown below. Which of the four pairs of graphs, each showing the demand for Good X and a separate demand for Good Y, is the most consistent with the given change in the top graph?







A. Pair A

B. Pair B

C. Pair C

D. Pair D

A. Pair A

Economics

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Payroll taxes are paid on

A) earned income. B) investment income. C) inheritances. D) all of the above

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What is the relationship between the long-run supply curve in a constant-cost industry and elasticity?

What will be an ideal response?

Economics