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(Figure: Good Y and Good X IV) Which of the Following

Question 122

Multiple Choice

(Figure: Good Y and Good X IV) Which of the following changes could have rotated the budget constraint in the direction indicated by the arrow in the graph? (Figure: Good Y and Good X IV) Which of the following changes could have rotated the budget constraint in the direction indicated by the arrow in the graph? A) an increase in the price of good X B) a decrease in the price of good Y C) a decrease in income D) an increase in the price of good Y


A) an increase in the price of good X
B) a decrease in the price of good Y
C) a decrease in income
D) an increase in the price of good Y

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