Other things the same, a decrease in the price level makes the dollars people hold worth

a. more, so they can buy more.
b. more, so they can buy less.
c. less, so they can buy more.
d. less, so they can buy less.

a

Economics

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The slope in the above figure is

A) negative and increasing. B) negative and decreasing. C) positive and increasing. D) positive and decreasing.

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Explain how changes in the price of goods and the consumer's budget affect the budget line

What will be an ideal response?

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