How would the decrease in the price of Good-X impact the budget line, when the price of Good-Y and Income remain unchanged? 1. The intercept points…
CUET UG 2025 — Economics Micro
How would the decrease in the price of Good-X impact the budget line, when the price of Good-Y and Income remain unchanged?
- The intercept points of both Good-X and Good-Y will shift outward.
- The intercept point of Good-X will shift outward and the intercept point of Good-Y will remain unchanged.
- The intercept point of Good-X will shift inward and the intercept point of Good-Y will remain unchanged.
- The intercept points of both Good-X and Good-Y will shift inward.
Held on 28 May 2025 · Verified 13 Jul 2026.
Options
- A
The intercept points of both Good-X and Good-Y will shift outward.
- B
The intercept point of Good-X will shift outward and the intercept point of Good-Y will remain unchanged.
- C
The intercept point of Good-X will shift inward and the intercept point of Good-Y will remain unchanged.
- D
The intercept points of both Good-X and Good-Y will shift inward.
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