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A/'M/'f' A2. A1. If the price of good 1 (plotted on the xaxis) triples and the price of good 2 doubles, does the budget line

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A/'M/'f' A2. A1. If the price of good 1 (plotted on the xaxis) triples and the price of good 2 doubles, does the budget line become atter or steeper? Illustrate with the aid of a sketch. [4] If the income of the consumer increases and one of the prices decreases at the same time, will the consumer necessarily be at least as well-off? [2] 'N'N'WN'N

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