Economy, asked by thoudammalemnganba, 10 months ago

. How does the budget line change if the consumer’s income increases to ?40 but the prices remain unchanged? [1 Mark]

Answers

Answered by samirraza1246
2

Answer:

EXPLANATION: After the income rise to 40 Rs

If the consumer's income increases to 40 Rs, then the consumer could purchase more of both goods. There will be rightwards shiftin the budget line from AB to the new budget line A1B1

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