CBSE Class 12-commerce Answered
What are the changes in the
set of available bundles of goods resulting from changes in the consumer’s
income?
Asked by Topperlearning User | 25 Apr, 2016, 12:47: PM
Expert Answer
Changes in the consumer’s income will result in a change in the set of available bundles of goods. A parallel inward shift of the budget line occurs when the income of the consumer decreases and a parallel outward shift of the budget line is observed when the income of the consumer increases.
Answered by | 25 Apr, 2016, 02:47: PM
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 12:47: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 12:47: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 12:47: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 12:47: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 12:47: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 12:47: PM
ANSWERED BY EXPERT