In the diagram, the consumer budget line shift from JK to GH. What can definitely be deduced from the diagram?
a
There has been an increase in the consumer’s money income
b
There has been a reduction in the price of both A and B
c
There has been no change in the price of A or B
d
There has been no change in the price of A relative to the price of B
Explanation
Correct Option
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Alwayz1999
10 years ago
but it seems the diagram does not correspond with the question being asked... I mean there is no JK or GH in the diagram
