A consumer's budget line will shift to the left in a parallel manner if:
A) the price of the good on the X-axis increases.
B) the price of the good on the Y-axis increases.
C) the consumer's income increases.
D) the consumer's income decreases.

Question

Quizplus · Accepted Answer

A consumer's budget line shifts to the left in a parallel manner when the consumer's income decreases, as they can afford less of both goods.

A Consumer's Budget Line Will Shift to the Left in a Parallel