हिंदी

The rotation of budget line in the following diagram is due to:

प्रश्न

The diagram shows an inward rotation of the budget line from BA to BA₁, indicating a rise in the price of Good X while income and the price of Good Y remain constant.

विकल्प

Decrease in price of Apples
Increase in price of Apples
Increase in price of Bananas
Decrease in price of Bananas

MCQ

उत्तर

Decrease in price of Apples

Explanation:

The depicted rotation is outward on the apples axis while the bananas intercept stays unchanged, indicating a decrease in the price of apples. A price change in one good rotates the budget line around the unchanged intercept.

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क्या इस प्रश्न या उत्तर में कोई त्रुटि है?

Q 55.Q 54.Q 56.

अध्याय 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [पृष्ठ २.५१]