Economics (AS & A Level) · Oct / Nov 2023 · Paper 31 · Question 2

A budget line (b–b) shows the combinations of two goods, X and Y, that a consumer can obtain within a fixed income of $60 per week, when the price of Y = $1 and X = $2. If the price of X rises to $3, what will be the new budget line?

1. Ab–b1
2. Bb–b2
3. Cb–b3
4. Db–b4

As printed in the paper