Refer to the diagram. The budget line shift that moves the consumer's equilibrium from point A to point B suggests:
A. an increase in the demand for product X.
B. a decrease in the demand for product X.
C. no change in the demand for product X.
D. that X is an inferior good.
B. a decrease in the demand for product X.
Economics
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In the short run, the ratio of the change in total cost and the change in output is greater than the ratio of the change in variable cost and the change in output
a. True b. False Indicate whether the statement is true or false
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