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The Diagram Below Shows a Set of Budget Lines Facing

Question 3

Multiple Choice

The diagram below shows a set of budget lines facing a household. The diagram below shows a set of budget lines facing a household. FIGURE 6-8 -Refer to Figure 6-8.The movement of the budget line from ab to db could be caused by A) a decrease in money income. B) an increase in the price of housing. C) a decrease in the price of housing. D) an increase in the price of food. E) a decrease in the price of food. FIGURE 6-8
-Refer to Figure 6-8.The movement of the budget line from ab to db could be caused by


A) a decrease in money income.
B) an increase in the price of housing.
C) a decrease in the price of housing.
D) an increase in the price of food.
E) a decrease in the price of food.

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