Decrease , increase

Upward shift in budget linn

What to produce is dependent on the customer buying preferences. It is decided on forces of market demand and supply in capitalistic economy. The prices at which is customer buys the goods and services and producer supplies goods and services is decided by interaction of buys and suppliers  

The market having few no of sellers selling homogenous and differentiated products. For example- Automobile, Telecommunications etc. Here all firms are interdependent on each other therefore price rigidity takes place .

Answer:  An indifference curve is a graphical representation of all combinations. of two goods that give the same level of satisfaction to the customer. That is as any one combination gives the same level of  satisfaction ,the customer is indifferent to any one particular combination.

An indifference map is a set of indifference  curves, with each curve representing a different level of satisfaction to the customer,with the top  most curve representing the highest level of satisfaction ,while the bottom most representing the lowest level of satisfaction.

As each curve represents a different level of satisfaction ,they cannot intersect each other. Because , if they intersect,it means that a particular combination of goods gives the customer at the same time both a higher level and lower level of satisfaction ,which is absurd.  

Hence indifference curves do not intersect.

Business economics is a field of applied economics that studies the financial, organizational, market-related, and environmental issues faced by corporations. Business economics encompasses subjects such as the concept of scarcity, product factors, distribution, and consumption

Business economics is a field of applied economics that studies the financial, organizational, market-related, and environmental issues faced by corporations. Business economics encompasses subjects such as the concept of scarcity, product factors, distribution, and consumption

The persuasive view emphasizes that advertising creates brand royalty and reduces customers' price sensitivity. By contrast, the presumptive view is that advertising lifts marginal consumers' willingness to pay, flattens the demand curve and increases the equilibrium price elasticity.

Vault cash

Vault cash refers to the cash reserves held by the bank itself, over and above the mandated CRR amount.

In case of budget line, slope = PX/PY As change in income does not disturb the price ratio of the two commodities, the slope will not change and the budget line, after change in income will remain parallel to the original budget line.