Exhibit 6A-1 Budget Line

question 132

Multiple Choice

Exhibit 6A-1 Budget line
​

​ As shown in Exhibit 6A-1, a leftward shift in the budget line from CD to AB would result from:

• A) ​ a price reduction in good X.
• B) ​ a price reduction in good Y.
• C) ​ a decrease in consumer income.
• D) ​ an increase in consumer income.

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