This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the consumer's income increases while the prices of both goods remain unchanged, what will happen ... (Read 58 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
on: Jul 1, 2018
If the consumer's income increases while the prices of both goods remain unchanged, what will happen to the budget line?
 
  A) The budget line rotates inward from the intercept on the horizontal axis.
  B) The budget line rotates outward from the intercept on the vertical axis.
  C) The budget line shifts inward without a change in slope.
  D) The budget line shifts outward without a change in slope.

Question 2

Lisa eats both pizzas and burritos. If the price of a pizza increases, Lisa's opportunity set
 
  A) becomes larger.
  B) becomes smaller.
  C) is unchanged.
  D) cannot be determined without more information.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


SAVANNAHHOOPER23

  • Member
  • Posts: 542
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Spirituality increases with age, but there are different patterns for the two genders. Both genders ... Spirituality increases with age, but there are different patterns for the two genders. Both genders ...
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Autonomic Nervous System Animation

For a complete list of videos, visit our video library