Question

explained the meaning of budjet line. what can cause a changent? explain

Answer 1

Answer:

Explanation:An increase in income causes the budget line to shift outward, parallel to the original line (holding prices constant). ... A decrease in income causes the budget line to shift inward, parallel to the original line (holding prices constant) so a consumer can buy less of both goods with less income.

Answer 2

Answer:

hey dear here is ur answer

Explanation:

An increase in income causes the budget line to shift outward, parallel to the original line (holding prices constant). A decrease in income causes the budget line to shift inward, parallel to the original line (holding prices constant) so a consumer can buy less of both goods with less income.

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