In the diagram a consumer's budget line shifts from JK to GH.
What can definitely be deduced from the diagram?
1 )
There has been an increase in the consumer's money income.
2 )
There has been a reduction in the price of both X and Y.
3 )
There has been no change in the price of X or Y.
There has been no change in the price of X relative to the price of Y.
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