« previous next »

Author Question: If both prices decreases by 50, A) budget constraint will be unchanged. B) slope of the budget ... (Read 12 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
If both prices decreases by 50,
 
  A) budget constraint will be unchanged.
  B) slope of the budget constraint will increase.
  C) slope of the budget constraint will decrease.
  D) budget constraint will shift outward in a parallel fashion.

Question 2

If both prices increases by 50,
 
  A) budget constraint will be unchanged.
  B) slope of the budget constraint stay the same.
  C) slope of the budget constraint will decrease.
  D) budget constraint will shift outward in a parallel fashion.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jul 1, 2018
Thank you :)


dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Species richness decreases with distance from the source pool. Species richness decreases with distance from the source pool.
Rotating around any node leaves a phylogeny unchanged Rotating around any node leaves a phylogeny unchanged
Gasoline prices Gasoline prices
Contact theory indicates that prejudice decreases and relations improve when individuals of ... Contact theory indicates that prejudice decreases and relations improve when individuals of ...
The energy budget The energy budget
Slope Question Slope Question
Video: Alzheimer's Disease

For a complete list of videos, visit our video library