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    The Budget Line Shift from Cd to Ab in the Below
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The Budget Line Shift from Cd to Ab in the Below

Question 249

Question 249

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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