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What happens to budget line if both the prices of the good and income of the consumer double. - Economics

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प्रश्न

What happens to budget line if both the prices of the good and income of the consumer double.

एका वाक्यात उत्तर
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उत्तर

Budget line will not shift as the increase in income is offset by an equivalent increase in prices.

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पाठ 3: Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis - TEST YOURSELF QUESTIONS [पृष्ठ ५१]

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फ्रँक Economics [English] Class 12 ISC
पाठ 3 Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis
TEST YOURSELF QUESTIONS | Q 2. (ii) (a) | पृष्ठ ५१
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