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Change in the Budget Line

A shift in th...

Question

A shift in the budget line is caused by change in .

A

income

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B

price ratio

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C

cost

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D

demand

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Solution

The correct option is A income
The budget line shifts only with a change in income of the consumer.

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Increase in income of the consumer is the only cause that leads to a parallel shift of budget line to the right.

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