With a fixed income, a consumer may buy two goods, X and Y. What would cause the consumer’s budget line to shift parallel to the right?
- Aconsumer’s income 10% decrease; price of good X 20% decrease; price of good Y 10% decrease
- Bconsumer’s income 10% decrease; price of good X 20% decrease; price of good Y 20% decrease
- Cconsumer’s income 10% increase; price of good X 10% increase; price of good Y 20% decrease
- Dconsumer’s income 10% increase; price of good X 20% increase; price of good Y 20% increase