how money is a dynamic factor?
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Cause money is the fuel of economy in any country. It carries out all the transactions and trading of the world. The worth of money changes everything. It can bring one country down and other above. It is the only medium of exchange that is approved and applicable all around the world. Every thing's worth is determined in terms of money
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Answer: Budget Set: Budget set refers to the attainable combinations of a setof two goods, given prices of the goods and income of the consumer. ... Similarly, if income of the consumer remains unchanged, the budget linewill shift to the right when there is a proportionate fall in the prices of both goods X and Y.
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