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Which of the following statement are correct? A.The set of affordable bundles will not change all prices and income income increase by thsane factor. B.An
Which of the following statement are correct?
A.The set of affordable bundles will not change all prices and income income increase by thsane factor.
B.An increase in every price by 25% is equivalent to a 25%decrease of income at constant prices.
C.The set of affordable bundles decreases if the budget line becomes steeper.
D.An increase in every price by 20% is equivalent to a 25%decrease in income at constant prices.
E.An ncrease in every price by 25% is equivalent to a 20%decrease in income at constant prices.
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