If the price of good X decreases, what will happen to the budget line? » MCQ Academy English

Managerial Economics

If the price of good X decreases, what will happen to the budget line?

It will have a parallel shift inward
It will have a parallel shift outward
It will become steeper
It will become flatter

Note

If the price of good X decreases,The budget line is it will become flatter.

Tags: The Theory of Individual Behavior

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