Refer to the above graph.The shift of the budget line from AB to CD is consistent with:
A) a decrease in money income.
B) an increase in money income.
C) an increase in the price of Good 1 and no change in the price of Good 2.
D) a decrease in the price of Good 2 and no change in the price of Good 1.

Question

Refer to the above graph.The shift of the budget line from AB to CD is consistent with:
A) a decrease in money income. 
B) an increase in money income. 
C) an increase in the price of Good 1 and no change in the price of Good 2. 
D) a decrease in the price of Good 2 and no change in the price of Good 1.

Quizplus · Accepted Answer

The Answer of  Refer to the above graph.The shift of the budget line from AB to CD is consistent with:
A) a decrease in money income. 
B) an increase in money income. 
C) an increase in the price of Good 1 and no change in the price of Good 2. 
D) a decrease in the price of Good 2 and no change in the price of Good 1.

Refer to the Above Graph