The figure above contains several budget lines for Sarah, who uses her income to purchase two goods, cheese and crackers
a) A movement between which two budget lines represents an increase in income?
b) A movement between which two budget lines represents an increase in the price of a pound of cheese?
c) A movement between which two budget lines represents an increase in the price of a box of crackers?
a) A movement from BL1 to BL3 shows an increase in income.
b) A change from BL2 to BL1 shows an increase in the price of a pound of cheese.
c) A change from BL3 to BL2 shows an increase in the price of a box of crackers.
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