how the budget line be affected when there is decrease in the price of good present on x axis by rupees 1 and the income of consumer as well as the price of the other good remain constant? use hypothetical figures
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What happens to the budget line if the price of good 2 increases, but the price of good 1 and income remain constant? The vertical intercept (x2 axis) decreases and the horizontal intercept (x1 axis) stays the same. Thus the budget line becomes flatter.
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