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The Figure Above Shows Two Budget Lines

Question 40

Multiple Choice

The figure above shows two budget lines. -Based on the figure above,which of the following would lead the budget line to change 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 two budget lines.
-Based on the figure above,which of the following would lead the budget line to change 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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