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A consumer consumes only two goods. Cons...

A consumer consumes only two goods. Consumer awareness programmes bring the consumer into a better bargining position. Expalin how does it affect the budget line of the consumer. Use diagrame.

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Knowledge Check

  • A consumer consumes only two goods. If price of one of the good falls, the indifference curve:

    A
    Shifts leftward
    B
    Shifts rightward
    C
    can shift both leftward and rightward
    D
    Does not shift
  • A consumer consumes only two goods. If price of one of the good falls, the Indifference Curve :

    A
    Shifts upwards
    B
    Shifts downwards
    C
    Can shift both upwards and downwards
    D
    Does not shift
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