Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
Q57: The rate at which a consumer is
Q83: For Brent, the income effect of a
Q106: An optimizing consumer will select the consumption
Q280: The theory of consumer choice most closely
Q301: Bundle J contains 10 units of good
Q343: Hold the prices of goods, as well
Q377: Suppose the only two goods that Charlie
Q438: A consumer chooses an optimal consumption point
Q562: Jerry consumes two goods, hamburgers and ice
Q565: A consumer likes two goods: books and