How does the budget line change …

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How does the budget line change if the prices of both the goods are doubled while the consumer's income remains unchanged?

Posted by Shivam Biswas 7 years, 8 months ago

CBSE > Class 12 > Economics

4 answers

Riya Goyal 7 years, 8 months ago

Budget line shift towards left ,as capacity of consumer to purchase both goods will fall nd he reduce the consumption of both the goods.

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Dhruv Khare 7 years, 8 months ago

Typing error in first line the budget line shifts left not right

1Thank You

Dhruv Khare 7 years, 8 months ago

The budget line will shift to right as Y remaining constant when the price of the two good gets doubled up, it shows that less of both would be bought in same Y so Budget line shifts left...

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Shivani Nagar 7 years, 8 months ago

Budget line will shift to the right.

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