Use the following to answer question:
Figure: A Changing Budget Constraint for Strawberries and Shortcake
-(Figure: A Changing Budget Constraint for Strawberries and Shortcake) Look at the figure A Changing Budget Constraint for Strawberries and Shortcake. Seb's original budget line is given by BL1 and his original indifference curve is given by I1. Which of the following would have caused his budget line to move to BL2?
A) The price of strawberries increased.
B) The price of shortcake increased.
C) Seb's income decreased.
D) The price of strawberries decreased.
Correct Answer:
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