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Author Question: If both prices decreases by 50, A) budget constraint will be unchanged. B) slope of the budget ... (Read 64 times)

karateprodigy

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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
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dantucker

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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karateprodigy

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Reply #2 on: Jul 1, 2018
Thank you :)


dantucker

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Reply #3 on: Jul 1, 2018
Happy to help you


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