Position of the price line would ________ with a change in the money income of the consumer.

not change

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change

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depend on other factors

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none of the above

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Solution

The correct option is B change
Position of the price line would change with change in money income of the consumer, because money income determines the budget/purchasing power of the consumer.

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Position of the price line would ________ with a change in the money income of the consumer.

The correct option is B changePosition of the price line would change with change in money income of the consumer, because money income determines the budget/purchasing power of the consumer.

The correct option is B change
Position of the price line would change with change in money income of the consumer, because money income determines the budget/purchasing power of the consumer.