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If the Budget Line Shifts from BB to Bb in the Diagram

Question 295

Multiple Choice

If the budget line shifts from BB to bb in the diagram, we can infer that the A) price of Y has increased and the price of X has decreased. B) price of Y has decreased and the price of X has increased. C) prices of both X and Y have increased. D) prices of both X and Y have decreased. If the budget line shifts from BB to bb in the diagram, we can infer that the


A) price of Y has increased and the price of X has decreased.
B) price of Y has decreased and the price of X has increased.
C) prices of both X and Y have increased.
D) prices of both X and Y have decreased.

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