Assume that you divide your food budget between fish and chicken.Which of the following would not alter the position of a budget line drawn with fish on the horizontal axis and chicken on the vertical axis?
A)an increase in the price of fish
B)a decrease in the price of chicken
C)a change in your preference for fish
D)an increase in your food budget
E)an increase in the price of fish combined with an increase in your food budget

Question

Quizplus · Accepted Answer

A change in preference does not affect the budget line, as it only reflects the consumer's budget constraints, not their preferences.

Assume That You Divide Your Food Budget Between Fish and Chicken.Which