Multiple Choice
The figure above shows three budget lines.
-Based on the figure above,which of the following would lead the consumer's budget line to shift from BL? to BL??
A) a rise in the price of water
B) a fall in the price of water
C) a rise in the price of water and the price of gum
D) a decrease in the consumer's budget
E) an increase in the consumer's budget
Correct Answer:
Verified
Correct Answer:
Verified
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