Question 0Question image

In the diagram, the consumer budget line shift from JK to GH. What can definitely be deduced from the diagram?

  • A.There has been an increase in the consumer’s money income
  • B.There has been a reduction in the price of both A and B
  • C.There has been no change in the price of A or B
  • D.There has been no change in the price of A relative to the price of B
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2015
Question no.
#0
Type
Objective

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