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Three Key Economic Ideas
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Three Key Economic Ideas
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1. Introduction to Macroeconomics / Three Key Economic Ideas / Problem 4
Problem 4
How might a change in consumer income affect the marginal benefit curve for a luxury good?
A
It could shift the marginal benefit curve downwards if the consumer's income increases.
B
It could shift the marginal benefit curve upwards if the consumer's income increases.
C
It would only affect the marginal cost curve.
D
It would not affect the marginal benefit curve at all.
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