A rightward shift of the budget line is caused by a
ECONOMICS
JAMB 2014
A rightward shift of the budget line is caused by a
- A. fall in consumer income
- B. change in consumer taste
- C. fall in the commodity relative price
- D. rise in the consumer income
Correct Answer: D. rise in the consumer income
Explanation
When there is an increase in income, a consumer can buy more of both goods and this shows an outward i.e. rightward shift in the budget line.
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