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The Movement of the Budget Line from BB to Bb

Question 229

Multiple Choice

The movement of the budget line from BB to bb in the figure suggests that income has A) increased and the price of X has decreased. B) fallen and the price of Y has increased. C) fallen and the price of Y has decreased. D) decreased, but there have been no price changes. The movement of the budget line from BB to bb in the figure suggests that income has


A) increased and the price of X has decreased.
B) fallen and the price of Y has increased.
C) fallen and the price of Y has decreased.
D) decreased, but there have been no price changes.

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