The budget line shift from cd to ab in the below figure is consistent with:
A)decreases in the prices of both M and N.
B)an increase in the price of M and a decrease in the price of N.
C)a decrease in money income.
D)an increase in money income.

Question

The budget line shift from cd to ab in the below figure is consistent with: 
A)decreases in the prices of both M and N. 
B)an increase in the price of M and a decrease in the price of N. 
C)a decrease in money income. 
D)an increase in money income.

Quizplus · Accepted Answer

The Answer of The budget line shift from cd to ab in the below figure is consistent with: 
A)decreases in the prices of both M and N. 
B)an increase in the price of M and a decrease in the price of N. 
C)a decrease in money income. 
D)an increase in money income.

The Budget Line Shift from Cd to Ab in the Below