What happens to the budget set and budget line if both the prices as well as the income double ?

What happens to the budget set and budget line if both the prices as w

1.	What happens to the budget set and budget line if both the prices as well as the income double ?
Answer» <html><body><p><br/></p>Solution :If as given, <br/> `P_1`<a href="https://interviewquestions.tuteehub.com/tag/changes-913881" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGES">CHANGES</a> from Rs.8 to Rs.16 <br/>`P_2` changes from Rs.10 to Rs.20 <br/> and M changes from Rs.40 to Rs.80 then intercepts on X-axis and Y-axis will remain unchanged at 5 units and 4 units <a href="https://interviewquestions.tuteehub.com/tag/respectively-1186938" style="font-weight:bold;" target="_blank" title="Click to know more about RESPECTIVELY">RESPECTIVELY</a> and the slope of the price <a href="https://interviewquestions.tuteehub.com/tag/line-1074199" style="font-weight:bold;" target="_blank" title="Click to know more about LINE">LINE</a> will remain <a href="https://interviewquestions.tuteehub.com/tag/unaffected-2316692" style="font-weight:bold;" target="_blank" title="Click to know more about UNAFFECTED">UNAFFECTED</a>. i.e., `8/10=16/20`, therefore there will beno change in the budget set and budget line.</body></html>