Multiple Choice
The following figure shows a consumer's budget constraint for jeans and sweaters.
-Refer to the figure above.Suppose B₁ is the original budget constraint of a consumer.A change in the budget constraint from B₁ to B₂ indicates ________.
A) an increase in the price of sweaters
B) a decrease in the price of sweaters
C) an increase in the consumer's income
D) a decrease in the consumer's income.
Correct Answer:

Verified
Correct Answer:
Verified
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