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The Following Diagram Shows Two Budget Lines: a and B

question 224

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The following diagram shows two budget lines: A and B. The following diagram shows two budget lines: A and B.   Which of the following could explain the change in the budget line from A to B? A) A simultaneous decrease in the price of x and the price of y. B) An increase in income. C) An increase in income and a decrease in the price of y. D) Both a and b
Which of the following could explain the change in the budget line from A to B?


Definitions:

Entrepreneurial Intentions

The cognitive state and planning towards the creation of new business ventures or the introduction of innovations within existing enterprises.

Perceived Capabilities

An individual's belief in their ability to succeed in specific situations or accomplish a task.

Entrepreneurial Intentions

Refers to the determination and motivation an individual has toward starting a new business or venture.

Perceived Opportunities

Opportunities that individuals or organizations believe exist within the market or environment, based on their perception and interpretation of available information.

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