The figure above shows Ronald's budget line. He has a weekly ...

[swpotter12]

The figure above shows Ronald's budget line. He has a weekly income of 20, which he spends on hotdogs and hamburgers. Now Ronald's income decreases to 10 per week and the price of a hotdog doubles.
 
  Ronald's budget line becomes ________ and ________. A) flatter; shifts rightward
  B) flatter; does not shift
  C) steeper; shifts rightward
  D) steeper; shifts leftward

Question 2

The figure above shows a monopoly firm's demand curve. The monopoly's total revenue is zero at point
 
  A) x.
  B) r.
  C) t.
  D) u.

[Mollythedog]

Answer to Question 1

D

Answer to Question 2

A

[swpotter12]

Excellent

[adammoses97]

TYSM