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The Diagram Below Shows a Set of Budget Lines Facing

Question 54

Multiple Choice

The diagram below shows a set of budget lines facing a household. The diagram below shows a set of budget lines facing a household. FIGURE 6- 7 -Refer to Figure 6- 7. The movement of the budget line from ab to ac could be caused by A) an increase in the price of food. B) a decrease in the price of housing. C) a decrease in the price of food. D) an increase in money income. E) an increase in the price of housing. FIGURE 6- 7
-Refer to Figure 6- 7. The movement of the budget line from ab to ac could be caused by


A) an increase in the price of food.
B) a decrease in the price of housing.
C) a decrease in the price of food.
D) an increase in money income.
E) an increase in the price of housing.

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