The Following Diagram Shows Two Budget Lines: a and B

question 260

Multiple Choice

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 decrease in income and a decrease in the price of X
• B) a decrease in income and an increase in the price of X
• C) an increase in income and a decrease in the price of X
• D) an increase in income and an increase in the price of X

---

Definitions:

Supply Chain Excellence

Refers to the strategic achievement of optimizing supply chain processes to ensure efficiency, cost-effectiveness, and customer satisfaction.

Modes

Different methods or means of transportation, communication, or operation.

Specialized Services

Custom or niche services offered to address specific needs of a particular customer segment or market.

3PL Study

An examination or research focused on third-party logistics providers, covering aspects like efficiency, services, and impact on supply chains.