Author Question: In the above figure, if the price of pizza falls, the budget line A) rotates outward and becomes ... (Read 76 times)

james · **on:** Jun 29, 2018

In the above figure, if the price of pizza falls, the budget line

A) rotates outward and becomes steeper.
B) shifts leftward and its slope does not change.
C) shifts rightward and its slope does not change.
D) rotates inward and becomes flatter.

Question 2

The figure above shows the market for milk. The ________ price that producers must be offered to get them to produce 250 gallons of milk per day is ________.

A) maximum; 3.25
B) minimum; 3.25
C) maximum; 2.50
D) minimum; 2.50