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The Diagram Below Shows a Set of Budget Lines Facing

Question 136

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 ef could be caused by A) a decrease in real income. B) an increase in money income. C) an equal percentage increase in the price of both food and housing. D) a decrease in the price of either food or housing. E) an increase in the price of either food or housing. FIGURE 6-8
-Refer to Figure 6-8.The movement of the budget line from ab to ef could be caused by


A) a decrease in real income.
B) an increase in money income.
C) an equal percentage increase in the price of both food and housing.
D) a decrease in the price of either food or housing.
E) an increase in the price of either food or housing.

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