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The Budget Line Shift from Cd to Ab in the Below

Question 158

Multiple Choice

The budget line shift from cd to ab in the below figure is consistent with: The budget line shift from cd to ab in the below figure is consistent with: A) decreases in the prices of both M and N. B) an increase in the price of M and a decrease in the price of N. C) a decrease in money income. D) an increase in money income.


A) decreases in the prices of both M and N.
B) an increase in the price of M and a decrease in the price of N.
C) a decrease in money income.
D) an increase in money income.

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