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Author Question: If the consumer's income increases while the prices of both goods remain unchanged, what will happen ... (Read 59 times)

SAVANNAHHOOPER23

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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
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HandsomeMarc

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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.
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SAVANNAHHOOPER23

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

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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