« previous next »

Author Question: If both prices decreases by 50, A) budget constraint will be unchanged. B) slope of the budget ... (Read 51 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
If both prices decreases by 50,
 
  A) budget constraint will be unchanged.
  B) slope of the budget constraint will increase.
  C) slope of the budget constraint will decrease.
  D) budget constraint will shift outward in a parallel fashion.

Question 2

If both prices increases by 50,
 
  A) budget constraint will be unchanged.
  B) slope of the budget constraint stay the same.
  C) slope of the budget constraint will decrease.
  D) budget constraint will shift outward in a parallel fashion.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jul 1, 2018
Thank you :)


dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The average adult has about 21 square feet of skin.

Rotating around any node leaves a phylogeny unchanged Rotating around any node leaves a phylogeny unchanged
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Slope Question Slope Question
When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ... When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ...
Derive the following using the increment/delta method and find its slope Derive the following using the increment/delta method and find its slope
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library