Question: d. What Is a budget line? (2 marks) c. Explain with a graph what will happen to the budget line when: I. Income effect(5 marks)

d. What Is a budget line? (2 marks) c. Explain with

a graph what will happen to the budget line when: I. Income

d. What Is a budget line? (2 marks) c. Explain with a graph what will happen to the budget line when: I. Income effect(5 marks) Substitution effect (5 marks) QUESTION FOUR

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