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The Shift of the Budget Line from Cd to Ab

Question 289

Multiple Choice

The shift of the budget line from cd to ab in the 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 shift of the budget line from cd to ab in the 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.

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