The budget line can shift or rotate

A) only when income changes.
B) only when prices change.
C) when either income or prices change.
D) None of the above, because changes in income and prices do not shift or rotate the budget line.

C

Economics

You might also like to view...

During expansions

a) sales and profits rise. b) sales rise, but profits fall. c) sales fall, but profits rise. d) sales and profits fall.

Economics

What is a necessary condition for being categorized as unemployed?

A) Being homeless B) Actively searching for a job C) Having no source of income D) Having no hope of finding a job in the foreseeable future

Economics