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Exhibit 20-8 ​

Question 179

Multiple Choice

Exhibit 20-8
​
Exhibit 20-8 ​ -Refer to Exhibit 20-8. A move of the budget constraint from 1 to 2 is caused by a A) rise in the price of good X. B) fall in the price of good X. C) rise in the price of good Y. D) fall in income.
-Refer to Exhibit 20-8. A move of the budget constraint from 1 to 2 is caused by a


A) rise in the price of good X.
B) fall in the price of good X.
C) rise in the price of good Y.
D) fall in income.

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