Economy, asked by arwa204, 3 months ago

buget line curve show the income will increase​

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Answered by mitali6060
1

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When there is an increase in income, a consumer can buy more of both goods and this shows an outward i.e. rightward shift in the budget line. On the other hand, when there is a decrease in income, the consumer's consumption possibility decreases, and the budget line shifts inwards

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