Solved

The Budget Line Shift from Ab to Cd in the Figure

Question 98

Multiple Choice

The budget line shift from ab to cd in the figure is consistent with The budget line shift from ab to cd 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 and decrease in the price of N.


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 and decrease in the price of N.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents