Question

What can lead to change in budget set?

विकल्प

• When the level of income changes

• When price of one good changes

• When price of both the goods change

• All of the above

Answer 1

All of the above

Explanation:

Situation that necessitates a budget change:

1. When price of one good changes
2. When the level of income changes
3. When price of both the good change