Observe the three budget lines drawn below.If AB is The Intial Budget – InterviewSolution

1.

Observe the three budget lines drawn below.If AB is The Intial Budget Line, What Causes The Shift in budget line. 1. from AB to AB 2. from AB to A

Answer»

1. Fall in price of good 1

2. A rise in income or fall in prices of both good 1 & good 2.

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