Author Question: Refer to Scenario 5.4. What is the deviation of outcome A? A) 30 B) 50 C) 75 D) ... (Read 53 times)

Mr3Hunna · **on:** Jul 1, 2018

Refer to Scenario 5.4. What is the deviation of outcome A?

A) 30
B) 50
C) 75
D) 100

Question 2

Assume that food is measured on the horizontal axis and clothing on the vertical axis. If the price of food falls relative to that of clothing, the budget line will:

A) become flatter.
B) become steeper.
C) shift outward.
D) become steeper or flatter depending on the relationship between prices and income.