parellel 3 You can see the budget constraints of a consumer. It is the decreasing verical the price of x is decreasing 5

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Parellel 3 You Can See The Budget Constraints Of A Consumer It Is The Decreasing Verical The Price Of X Is Decreasing 5 1 (22.06 KiB) Viewed 63 times

parellel 3 You can see the budget constraints of a consumer. It is the decreasing verical the price of x is decreasing 5 5 not changing 0.5 the price of y is decreasing 1 non-paralell the price of y is increasing increasing " 10 2 the price of x is increasing In a basic situation (1) the slope of the budget constraint is The budget constraint changes to l; (blue one), if Thanks to income decrease, the new constraint (based on ₂) is the ly, so it is a case the ratio of market prices is so the area of the budget set is #shift to left. In this