Exhibit 20-8

Refer to Exhibit 20-8. A move of the budget constraint from 1 to 2 is caused by a
A)rise in the price of good X.
B)fall in the price of good X.
C)rise in the price of good Y.
D)fall in income.

Question

Exhibit 20-8 ​

Refer to Exhibit 20-8. A move of the budget constraint from 1 to 2 is caused by a
A)rise in the price of good X. 
B)fall in the price of good X. 
C)rise in the price of good Y. 
D)fall in income.

Quizplus · Accepted Answer

The Answer of Exhibit 20-8 ​

Refer to Exhibit 20-8. A move of the budget constraint from 1 to 2 is caused by a
A)rise in the price of good X. 
B)fall in the price of good X. 
C)rise in the price of good Y. 
D)fall in income.

Exhibit 20-8 ​ Refer to Exhibit 20-8. a Move of the Budget Constraint

Exhibit 20-8 Refer to Exhibit 20-8. a Move of the Budget Constraint