If income decreases,there will be a parallel inward shift of the budget line.

Name: If income decreases,there will be a parallel inward shift of the budget line.
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Question

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A decrease in income will reduce the amount of money available to spend on goods and services, causing a corresponding inward shift of the budget line. This means that the consumer will have to adjust their spending patterns and purchase fewer goods or lower-priced alternatives.

If Income Decreases,there Will Be a Parallel Inward Shift of the Budget