This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a household's income falls by 10%, its budget constraint will (Read 51 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
on: Apr 19, 2019

Question 1

If a household's income doubles, its budget constraint will


◦ shift out parallel to the old one.
◦ pivot at the Y-intercept.
◦ shift in parallel to the old one.
◦ be unaffected.

Question 2

If a household's income falls by 10%, its budget constraint will


◦ shift out parallel to the old one.
◦ pivot at the Y-intercept.
◦ shift in parallel to the old one.
◦ be unaffected.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by crobinson2013 on Apr 19, 2019

uniquea123

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


crobinson2013

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Apr 19, 2019
Thanks


uniquea123

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Wahkeena Falls at Columbia River Gorge in Oregon in the autumn. Wahkeena Falls at Columbia River Gorge in Oregon in the autumn.
The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn? The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
Jet streams and Earth’s heat budget Jet streams and Earth’s heat budget
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Percentage of higher-income Canadian households Percentage of higher-income Canadian households
Video: Secondary Active Transport

For a complete list of videos, visit our video library