Refer to the diagram. If the budget line shifts from ab to ac, the
A)price of K has increased.
B)consumer's money income has fallen.
C)price of K has decreased.
D)price of J has increased.

Question

Refer to the diagram. If the budget line shifts from ab to ac, the
A)price of K has increased. 
B)consumer's money income has fallen. 
C)price of K has decreased. 
D)price of J has increased.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. If the budget line shifts from ab to ac, the
A)price of K has increased. 
B)consumer's money income has fallen. 
C)price of K has decreased. 
D)price of J has increased.

Refer to the Diagram