Consider a household's budget line. An equal and proportional ...

[Dannyrod2]

Question 1

Consider a household's budget line. If money income is reduced by half, and the prices of all goods consumed by the household are reduced by half, the budget line will
◦ not change.
◦ shift outward.
◦ become steeper.
◦ shift inward.
◦ become flatter.

Question 2

Consider a household's budget line. An equal and proportional increase in money income and all money prices will
◦ shift the budget line to the left parallel to the original budget line.
◦ leave the position of the budget line unchanged.
◦ rotate the budget line inward from the horizontal axis.
◦ shift the budget line to the right parallel to the original budget line.
◦ rotate the budget line inward from the vertical axis.

[KeriJennin]

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[Dannyrod2]

YES! Correct, THANKS for helping me on my review

[AISCAMPING]

Thanks for the timely response, appreciate it