Question 1
Refer to the information provided in Figure 6.4 below to answer the question(s) that follow.
Refer to Figure 6.4. Billʹs budget constraint is
AC. If the bell peppers price decreases, Billʹs budget constraint will be
◦
AB.
◦
AC.
◦
AD.
◦ The budget constraint is not depicted on the diagram.
Question 2
Refer to the information provided in Figure 6.4 below to answer the question(s) that follow.
Refer to Figure 6.4. Billʹs budget constraint is
AC. His budget constraint would shift to
AD if the price of
◦ black beans increased.
◦ black beans decreased.
◦ bell peppers increased.
◦ bell peppers decreased.
Question
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