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Scenario: assume that the consumer has a relatively strong preference for music and that price per unit of movies is lower at the red budget
Scenario: assume that the consumer has a relatively strong preference for music and that price per unit of movies is lower at the red budget line relative to the black one.
i) Based on your scenario, provide an example of a direction of change in the price per unit of music and/or the consumer's income which can logically contribute to the budget line shifting from the black line to the red line and explain your answer. [NOTE: numerical values are not needed]
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