how does the budget line change if the price of good y decreases by rupee but the price of good x and consumer income remain unchanged
Answers
Answered by
11
Answer:
Since the income and the price of good 1 are unchanged, the decrease in the price of good 2 will increase the vertical intercept of the budget line. The new budget line will also pivot outwards around the same horizontal intercept.
Explanation:
I give you answer now it is your duty to mark me as a brianliest please follow me on brainly
Similar questions
Social Sciences,
4 months ago
Economy,
8 months ago
Math,
8 months ago
Computer Science,
1 year ago
Math,
1 year ago