If goods P and Q are purchased by a consumer, a fall in the price...
ECONOMICS
JAMB 2002
If goods P and Q are purchased by a consumer, a fall in the price P with the price Q unchanged will cause the budget line to
- A. shift parallel inwards
- B. rotate outwards away from the origin
- C. rotate inwards towards the origin.
- D. shift parallel outwards
Correct Answer: C. rotate inwards towards the origin.
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