Post by: xclash on May 24, 2019
The graph shows Jeanne's budget line. If the price of coffee increases, the budget line
◦ rotates outward and becomes flatter.
◦ may change, but we need information about what Jeanne's demand curve is.
◦ rotates inward and becomes steeper.
◦ shows that relative prices don't change.
◦ shifts outward away from the origin.
Post by: lin77x on May 24, 2019
Post by: xclash on May 24, 2019
Post by: lin77x on May 24, 2019
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