02. The change in the budget line from B2 to B1 was caused by: O (a) an increase in the consumer's budget O (b) a same percentage decrease in the prices of both goods O (c) a decrease in the price of Y O (d) a decrease in the price of X O(e) an increase in the price of X 01. A change in the budget line from B1 to B4 was caused by: O (a) a decrease in the consumer's budget. (b) a same percentage decrease in the prices of both goods. O (c) a decrease in the price of Y (d) a decrease in the price of X (e) an increase in the price of X 400 350 300 250 B4% 200 150+ B3 100 50 0 0 1 2 82 3 81, 4 5 6 7 8

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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02. The change in the budget line from B2 to B1 was caused by:
O (a) an increase in the consumer's budget
O (b) a same percentage decrease in the prices of both goods
O (c) a decrease in the price of Y
O (d) a decrease in the price of X
O (e) an increase in the price of X
01. A change in the budget line from B1 to B4 was caused by:
O (a) a decrease in the consumer's budget.
O (b) a same percentage decrease in the prices of both goods.
O (c) a decrease in the price of
Y
(d) a decrease in the price of X
(e) an increase in the price of X
400
350
300
250. BÀI
200
150
100
50
0
0
B3
1
2
B2
3
B1
4
5 6 7 8
Transcribed Image Text:02. The change in the budget line from B2 to B1 was caused by: O (a) an increase in the consumer's budget O (b) a same percentage decrease in the prices of both goods O (c) a decrease in the price of Y O (d) a decrease in the price of X O (e) an increase in the price of X 01. A change in the budget line from B1 to B4 was caused by: O (a) a decrease in the consumer's budget. O (b) a same percentage decrease in the prices of both goods. O (c) a decrease in the price of Y (d) a decrease in the price of X (e) an increase in the price of X 400 350 300 250. BÀI 200 150 100 50 0 0 B3 1 2 B2 3 B1 4 5 6 7 8
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