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(Figure: Good Y and Good X VII) at BC1, the Consumer

Question 1

Multiple Choice

(Figure: Good Y and Good X VII) At BC1, the consumer has $40 of income to spend on goods X and Y. What changed the budget constraint from BC1 to BC2? (Figure: Good Y and Good X VII) At BC<sub>1</sub>, the consumer has $40 of income to spend on goods X and Y. What changed the budget constraint from BC<sub>1</sub> to BC<sub>2</sub>? A) An increase in the price of Good X B) A decrease in the price of Good X C) A decrease in the price of Good Y D) In increase in income


A) An increase in the price of Good X
B) A decrease in the price of Good X
C) A decrease in the price of Good Y
D) In increase in income

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