Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.
Figure 6.1Refer to Figure 6.1. Assume Tom is on budget constraint AC and the price of a hot dog is $2.00. Tom's monthly income is
A. $40.
B. $60.
C. $80.
D. $100.
Answer: C
Economics
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A) It will decrease. B) It will increase. C) It can increase or decrease. D) It will not change.
Economics