The movement of the budget line from BB to bb in the figure suggests that income has
A)increased and the price of X has decreased.
B)fallen and the price of Y has increased.
C)fallen and the price of Y has decreased.
D)decreased, but there have been no price changes.

Question

The movement of the budget line from BB to bb in the figure suggests that income has
A)increased and the price of X has decreased. 
B)fallen and the price of Y has increased. 
C)fallen and the price of Y has decreased. 
D)decreased, but there have been no price changes.

Quizplus · Accepted Answer

The Answer of  The movement of the budget line from BB to bb in the figure suggests that income has
A)increased and the price of X has decreased. 
B)fallen and the price of Y has increased. 
C)fallen and the price of Y has decreased. 
D)decreased, but there have been no price changes.

The Movement of the Budget Line from BB to Bb