Multiple Choice
Refer to the graph. The shift of the budget line from AB to CD is consistent with
A) a decrease in the consumer's money income.
B) a decrease in the prices of both Goods 1 and 2.
C) an increase in the prices of both Goods 1 and 2.
D) a decrease in the price of Good 1, and an increase in the price of Good 2.
Correct Answer:
Verified
Correct Answer:
Verified
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