If goods P and Q are purchased by a consumer, a fall in the price...

JAMB 2002

If goods P and Q are purchased by a consumer, a fall in the price P with the price Q unchanged will cause the budget line to

A. shift parallel inwards
B. rotate outwards away from the origin
C. rotate inwards towards the origin.
D. shift parallel outwards

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Correct Answer: Option C

Explanation

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If goods P and Q are purchased by a consumer, a fall in the price...

Correct Answer: Option C

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