Ans.- an increase in money income
An increase in money income shifts the budget line to the right. This is because a higher income allows an individual to buy more of both the goods.
Note that you haven't provided the diagram so if answer is not matching please comment below. There may be one nore reason.
the shift of the budget line to the right in the diagram above is consistent with...
Good 2 Good 1 Refer to the above graph. The shift of the budget line from AB to CD is consistent with: Select one: an increase in the price of Good 1 and no change in the price of Good 2. an increase in monoy income. a decrease in the price of Good 2 and no change in the price of Good 1. a decrease in money income
In the MS/P -- L(Y,r) diagram, a shift to the right of L(Y,r) line -- with an unchanged Y -- would cause? Group of answer choices a shift to the right of the IS curve and a shift to the right of the AD curve. a shift to the left of the LM curve but no change to the AD curve. a shift to the right of the LM curve and a shift to the right of the AD curve....
In the diagram on the right the consumer's original budget line is L1, and the consumer buys the amount of good X at point A. Then the price of good X decreases dramatically so that the consumer's new budget line shifts to L2. After the price decrease the consumer buys the amount of good X at point C. The substitution effect due to the price change is the movement from pointto point
In the diagram on the right the consumer's...
On the budget line/indifference curve diagram (dick on it to make it bigger), if LQ and DK are parallel, which of the following changes could cause a shift from LQ to DK? A decrease in the consumer's income. A proportionate decrease in the prices of both goods. A doubling of the consumer's income and the prices of both goods. All of the above None of the above Cokes SK Hot Dogs
In the figure at right, if the budget line is the line DE, the
consumer will maximize utility at point
A.
B.
B.
G.
C.
C.
D.
A.
IF YOU ARE INTERESTED IN HELPING WITH MORE QUESTIONS WHATS APP
ME @ 13477215500 Will Pay $
In the figure at right, if the budget line is the line DE, the consumer will maximize utility at point O A. B. O B. G. OC. C. OD. A. Quantity of Bagels Quantity of...
SHOW EQUATIONS
uestion 10 0/ Te (min) 10 For the diagram above, available time per shift is 480 minutes and 40 units are required at the end of each shift. Use the heuristic rule by assigning the task with the most followers. Break any ties with longest time first. (all time in minutes) (6 marks) 480/40-12 Hide Feedback This was not a balance line
uestion 10 0/ Te (min) 10 For the diagram above, available time per shift is 480...
A temporary adverse productivity shock would: A) shift the FE line to the right and leave the IS curve unchanged B) shift the FE line to the left and leave the IS curve unchanged C) shift the FE line to the left and the IS curve up D) have no effect on the FE line please explain!
How can a budget line shift parallel to itself without a change in income? How can a budget line rotate clockwise without the horizontal intercept changing if the money price of y (the good on the vertical axis) does not change?
Refer to the diagram to the right: 1) Use the line drawing tool to draw a demand curve that shifts to the right. Label this line 'De 2) Use the line drawing tool to draw a supply curve that shifts to the right by less than the demand line. Label this line 'S 3) Use the point drawing tool to identify the new point of equilibrium. Label this point 'B' Price Carefully follow the instructions above, and only draw the...
Question 2 (Figure: Quarts of Milk and Jars of Honey) A shift in the budget line in the figure from 3 to 2 is caused by an: Mik (quarts) Honoy (jars) A. decrease in the price of milk. B. Increase in the price of honey. C. decrease in the price of honey. D. increase in the price of milk.