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-Suppose That a Consumer's Original Budget Line Was AC in Figure

Question 131

Multiple Choice

-Suppose that a consumer's original budget line was AC in Figure 6-4,but it has now changed to line AB.Which of the following must have occurred? A) The price of good X must have risen. B) The price of good Y must have risen. C) The price of good Y must have fallen. D) The price of good X must have fallen. E) The consumer's income must have risen.
-Suppose that a consumer's original budget line was AC in Figure 6-4,but it has now changed to line AB.Which of the following must have occurred?


A) The price of good X must have risen.
B) The price of good Y must have risen.
C) The price of good Y must have fallen.
D) The price of good X must have fallen.
E) The consumer's income must have risen.

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