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1. |
Under what situations there will be parallel shift in budget line? ? |
Answer» There will be parallel shift in the budget line only fkr the two reasons 1) if the income of the consumer will increase then budget line will shift forward 2) if the income of the consumer will decrease then budget line will shift downward<br>Yes<br>When the income of consumer increase it will lead to forward shift and decrease in income lead to backward shift | |