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The Figure Above Shows Three Budget Lines

Question 263

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 BL₀ to BL₁? 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.
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 BL₀ to BL₁?


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.

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