Multiple Choice
The following diagram shows two budget lines: A and B. Which of the following could explain the change in the budget line from A to B?
A) a decrease in income and a decrease in the price of X
B) a decrease in income and an increase in the price of X
C) an increase in income and a decrease in the price of X
D) an increase in income and an increase in the price of X
Correct Answer:

Verified
Correct Answer:
Verified
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