Economy, asked by riya920037, 6 months ago

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 rajrsharma2007
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:

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