In the figure below, a shift in the budget line from AC to BC represents:
A)a decrease in income.
B)an increase in good 2's price.
C)an increase in good 1's price.
D)a decrease in good 2's price.
E)a decrease in good 1's price.

Question

In the figure below, a shift in the budget line from AC to BC represents: 
A)a decrease in income. 
B)an increase in good 2's price. 
C)an increase in good 1's price. 
D)a decrease in good 2's price. 
E)a decrease in good 1's price.

Quizplus · Accepted Answer

The Answer of In the figure below, a shift in the budget line from AC to BC represents: 
A)a decrease in income. 
B)an increase in good 2's price. 
C)an increase in good 1's price. 
D)a decrease in good 2's price. 
E)a decrease in good 1's price.

In the Figure Below, a Shift in the Budget Line