Economics · Microeconomics - Consumer Budget Line
Which of the following changes will NOT cause a parallel shift in the budget line?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A change in the price of only one good while the price of the other remains unchanged✓
- 2A change in nominal money income while prices remain constant
- 3A decrease in prices of both goods by half
- 4An increase in prices of both goods by two times
Correct answer
A change in the price of only one good while the price of the other remains unchanged
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