Author Question: The figure above shows Ilene's budget line. If the price of a can of cat food rises, her budget line ... (Read 183 times)

fnuegbu · **on:** Jun 29, 2018

The figure above shows Ilene's budget line. If the price of a can of cat food rises, her budget line rotates so that the vertical intercept is

A) unchanged, but the horizontal intercept is closer to the origin.
B) unchanged, but the horizontal intercept is farther away from the origin.
C) farther away from the origin, but the horizontal intercept is closer to the origin.
D) closer to the origin, but the horizontal intercept is farther away from the origin.

Question 2

The above table shows the distribution of income and wealth in Miseria. What percent of income is earned by the richest 40 percent of the population?

A) 20 percent
B) 30 percent
C) 55 percent
D) 70 percent