Multiple Choice
A leftward shift of a consumer's budget line to a position parallel with the original one could indicate that the
A) price of one product has decreased in relation to the other.
B) prices of both products have decreased in the same proportion.
C) consumer's money income has increased and the prices of both products have also increased but proportionately less.
D) consumer's money income has increased but the prices of both products have increased proportionately more.
Correct Answer:

Verified
Correct Answer:
Verified
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