REFER TO THE ABOVE GRAPH. THE SHIFT OF THE BUDGET LINE FROM AB TO C...

51.Refer to the above graph. The shift of the budget line from AB to CD is consistent with:a decrease in money income.→ an increase in money income.an increase in the price of Good 1 and no change in the price of Good 2.a decrease in the price of Good 2 and no change in the price of Good 1. AACSB: AnalyticBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 01-04 List the categories of scarce resources and delineate the nature of the economizing problem.Multiple Choice Question Topic: Individual's economic problem