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Question 22 1 pts bez - Vocz BCI Which of the graphs in the figure could reflect a decrease in the price of Y? O graph a O gr

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Answer #1

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The decrease in the price of Y increases the quantity of Y so the intercept of the budget line on the Y-axis move outward
In the graph C it moves outward from bc1 to bc2

graph a represents a decrease in the price of X
graph b represents an increase in the price of both in the same proportion or decrease in income
in the graph, d represents an increase in the price of Y
in the graph, e represents an increase in the price of X

option 3
graph c

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