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Social Science Clinic => Economics => Topic started by: roselinechinyere27m on Apr 19, 2019

Title: Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and Carlos's ...
Post by: roselinechinyere27m on Apr 19, 2019

Question 1

Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and so does Carlos's money income, we can deduce that Carlos's budget constraint will

◦ shift in but remain parallel to the old one.
◦ shift out but remain parallel to the old one.
◦ swivel in so that the slope of the budget constraint is tripled.
◦ remain unchanged.

Question 2

Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and Carlos's money income doubles, we can deduce that Carlos's budget constraint will

◦ shift in but remain parallel to the old one.
◦ shift out but remain parallel to the old one.
◦ swivel in so that the slope of the budget constraint is doubled.
◦ remain unchanged.

Title: Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and Carlos's ...
Post by: jlaineee on Apr 19, 2019

Answer 1

remain unchanged.

Answer 2

shift in but remain parallel to the old one.

Title: Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and Carlos's ...
Post by: roselinechinyere27m on Apr 19, 2019

TY

Title: Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and Carlos's ...
Post by: jlaineee on Apr 19, 2019

You're welcome

Title: Re: Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and Carlos's
Post by: Sawyer Goram-Welch on Feb 21, 2020

Thank you!

Title: Re: Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and Carlos's
Post by: Jake Ehlinger on Feb 22, 2020

Thank you!

Title: Re: Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and Carlos's
Post by: Khang Võ on Nov 4, 2023

thank you