Multiple Choice
Which of the following statements is not correct?
A) A reduction in money income will shift the budget line to the right.
B) A reduction in money income accompanied by an increase in product prices will necessarily shift the budget line to the left.
C) An increase in product prices will shift the budget line to the left.
D) An increase in money income will shift the budget line to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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