The diagram below shows a set of budget lines facing a household. FIGURE 6-8
-Refer to Figure 6-8.The movement of the budget line from ab to ac could be caused by
A) an increase in money income.
B) an increase in the price of food.
C) an increase in the price of housing.
D) a decrease in the price of food.
E) a decrease in the price of housing.
Correct Answer:
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