answersLogoWhite

0

What else can I help you with?

Related Questions

How will an increase in income affect the budget line?

if the consumer`s income changes it will influence the budget line and it will shift to the right.


What does the skin effect increase in a conductor?

line losses tend to increase


What was the Production Budget for On the Line?

The Production Budget for On the Line was $10,000,000.


What is budgetline in economics?

budget line in economics can be defined as a line which shows the various combinations of two products that can be bought in a fixed or given income.the budget lie graph is a downward sloping line whose gradient shows the ratio between the prices of two goods X and Y.there will be a parallel shift in the budget line due to an increase or decrease in income!points insyd the budget line are inefficient since income is saved and outside the line they become infeasible.


What was the Production Budget for The Butterfly Effect?

The Production Budget for The Butterfly Effect was $13,000,000.


What was the Production Budget for Zero Effect?

The Production Budget for Zero Effect was $5,000,000.


How changes in income and price affect the budget line?

Changes in income and price shift the budget line in a consumer's budget constraint. An increase in income shifts the budget line outward, allowing consumers to purchase more of both goods, while a decrease in income shifts it inward. Conversely, if the price of one good decreases, the budget line pivots outward from that good's intercept, allowing consumers to buy more of it while still purchasing the other good. Conversely, if the price increases, the budget line pivots inward, reducing the quantity of that good consumers can afford.


Why do price changes cause a budget line to pivot while income changes cause a budget line to shift in a parallel line?

Price changes cause a budget line to pivot because they alter the relative price of goods, affecting the trade-off between them while keeping income constant. This results in a change in the slope of the budget line, reflecting the new prices. In contrast, income changes lead to a parallel shift of the budget line because they increase or decrease the consumer's purchasing power uniformly across all goods, maintaining the same trade-off ratio. Thus, the entire budget line moves without changing its slope.


What was the Production Budget for Walk the Line?

The Production Budget for Walk the Line was $29,000,000.


What was the Production Budget for In Her Line of Fire?

The Production Budget for In Her Line of Fire was $1,000,000.


What is budget line and show the shift in budget line?

A budget line is a locus of combination of two goods a consumer can afford to buy with his/her income.shift in a budget line can be caused by various factors like a change in individuals income


What is a line budget?

A budget clothing line is a clothing line that is set out in stores for people who are trying to stay within a reasonable price from the budget that they are trying to follow.