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Other things remaining the same, when a consumers income increases his equilibrium point moves to:

A. A lower indifference curve

B. A lower PPC curve

C. Remains on same indifference curve

D. A higher indifference curve

Related Questions

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  2. Law of Diminishing Marginal Utility is practically untrue because:
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  5. Monopolistic firm can fix:
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  10. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
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  12. If the commodity is normal then fall in price will result in:
  13. The firms in non-cooperative games:
  14. The short-run periods in monopolistic competition are:
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  27. In the range of excess capacity, the average costs are:
  28. Efficient allocation of resources is achieved to a greater extent under:
  29. The external economies of scale experienced by a firm include the:
  30. The nominal income of a consumer is income in terms of:

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