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The Following Diagram Shows Two Budget Lines: a and B

Question 481

Multiple Choice

The following diagram shows two budget lines: A and B. The following diagram shows two budget lines: A and B. Which of the following could explain the change in the budget line from A to B? A) a decrease in the price of X B) an increase in the price of Y C) a decrease in the price of Y D) More than one of the above could explain this change. Which of the following could explain the change in the budget line from A to B?


A) a decrease in the price of X
B) an increase in the price of Y
C) a decrease in the price of Y
D) More than one of the above could explain this change.

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