Refer to the graph below for next two questions: Quantity of good Y 18- 16- 14- 12- 10- 8- he 6- 4- 2- $80 and $140 0 2 4 6 8 10 12 14 16 18 20 Quantity of good X For Budget constraint 1, the price of good X and the price of good Y could equal $100 and $120 $140 and $80 $120 and $100 Quantity of good Y 18- 16- 14- 12- 10- Budget constraint 2 8- 20 6- 4- 2- Budget constraint 1 Budget constraint 2 Budget constraint 1 2 4 6 8 10 12 14 16 18 20 Quantity of good X Suppose the budget constraint shifted from Budget constraint 2 to Budget constraint 1. What could have caused this change? A decrease in the price of good X respectively. A decrease in income and decrease in the relative price of good X to those of good Y A decrease in income

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