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-What Could Have Caused a Consumer's Budget Line to Shift

Question 2

Multiple Choice


-What could have caused a consumer's budget line to shift from ML to MN? A) an increase in the price of X B) a decrease in the price of X C) an increase in the price of Y D) a decrease in the price of Y E) cannot determine without more information
-What could have caused a consumer's budget line to shift from ML to MN?


A) an increase in the price of X
B) a decrease in the price of X
C) an increase in the price of Y
D) a decrease in the price of Y
E) cannot determine without more information

Correct Answer:

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