Multiple Choice Questions on What can lead to change in budget set ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

What can lead to change in budget set ........

Economics (CUET) Consumer Behaviour and Demand
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    What can lead to change in budget set?

     

    When the level of income changes
     

    Incorrect Answer

    When price of one good changes
     

    Incorrect Answer

    When price of both the goods change
     

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    Option (4) is correct.
    Explanation: Situation for change in budget set: 
    (a) When the level of income changes
    (b) When price of one good changes
    (c) When price of both the good change

     

    By: Parvesh Mehta
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