« previous next »

Author Question: If all prices fall by 5 percent and money income remains constant, the new budget line will have ... (Read 36 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
If all prices fall by 5 percent and money income remains constant, the new budget line will have
 
  A) a positive slope.
  B) the same slope.
  C) a steeper slope.
  D) a flatter slope.

Question 2

If the price of a good falls, before the amount consumed changes the marginal utility per dollar from that good
 
  A) decreases.
  B) increases.
  C) might either increase or decrease depending on whether the good is a substitute or a complement.
  D) More information is needed to determine the answer.


Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

A diversity of species live within the soils, the ecology of which remains to be explored. A diversity of species live within the soils, the ecology of which remains to be explored.
Skeletal remains from the Sima de los Huesos, Sierra de Atapuerca, Spain. Skeletal remains from the Sima de los Huesos, Sierra de Atapuerca, Spain.
The Krapina remains may provide evidence of cannibalism by some Neadertals. The Krapina remains may provide evidence of cannibalism by some Neadertals.
Identical twins share 100 percent of their segregating genes. Identical twins share 100 percent of their segregating genes.
Percent of Selected Foods and Beverages Consumed in the United States Percent of Selected Foods and Beverages Consumed in the United States
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library