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Exhibit 20-8 ​ Refer to Exhibit 20-8. a Move of the Budget Constraint

Question 100

Multiple Choice

Exhibit 20-8 ​
Exhibit 20-8 ​ Refer to Exhibit 20-8. A move of the budget constraint from 1 to 2 is caused by a A) rise in the price of good X. B) fall in the price of good X. C) rise in the price of good Y. D) fall in income.
Refer to Exhibit 20-8. A move of the budget constraint from 1 to 2 is caused by a


A) rise in the price of good X.
B) fall in the price of good X.
C) rise in the price of good Y.
D) fall in income.

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