Figure 5-4 -In Figure 5-4, the Rightward Shift in Budget Lines from in Budget

question 109

Multiple Choice

Figure 5-4

-In Figure 5-4, the rightward shift in budget lines from the one containing point A to the one containing point B

• A)resulted from equal price reductions in beer and wine.
• B)resulted from an increase in the consumer's income.
• C)could have been caused by income or price changes.
• D)All of the answers above are correct possibilities.
• E)None of the above is correct.