Figure 3.2.2
-Refer to Figure 3.2.2 above. Which of the following could have caused the shift of the budget line?
A) An increase in income
B) An increase in the price of food
C) A decrease in the price of clothing
D) An increase in the preference for both goods

Question

Figure 3.2.2
-Refer to Figure 3.2.2 above. Which of the following could have caused the shift of the budget line?
A) An increase in income 
B) An increase in the price of food 
C) A decrease in the price of clothing 
D) An increase in the preference for both goods

Quizplus · Accepted Answer

The Answer of  Figure 3.2.2
-Refer to Figure 3.2.2 above. Which of the following could have caused the shift of the budget line?
A) An increase in income 
B) An increase in the price of food 
C) A decrease in the price of clothing 
D) An increase in the preference for both goods

Figure 3.2.2 -Refer to Figure 3.2.2 Above. Which of the Following Could