Refer to the Above Graphs

question 47

Multiple Choice

Refer to the above graphs.Which pairs of budget constraints represent only a decrease in income,but no change in the price of X and Y?

• A) Graph A
• B) Graph B
• C) Graph C
• D) Graph D

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Definitions:

Federal Regulation

Laws at the national level established by the government to control or regulate certain activities and industries.

Provincial Regulation

A set of legal guidelines and rules enforced by a provincial or state government.

Visible Nuisance

A public nuisance that is offensive or annoying to the senses and obstructs the use of property.