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

Author Question: Consider a household's budget line. An equal and proportional increase in money income and all money ... (Read 53 times)

Dannyrod2

  • Full Member
  • ***
  • Posts: 160
on: Oct 12, 2022

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.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Dannyrod2 on Oct 12, 2022

KeriJennin

  • Full Member
  • ***
  • Posts: 166
    • https://anestencreams.com
Reply #1 on: Oct 12, 2022
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 35% of students answer this correctly


Dannyrod2

  • Member
  • Posts: 160
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure
(A) Pinch along jaw line from midline to lateral aspect. (B) Press St-6 at masseter attachment. (A) Pinch along jaw line from midline to lateral aspect. (B) Press St-6 at masseter attachment.
Income per Capita versus Inequality Income per Capita versus Inequality
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Proportional reasoning word problems Proportional reasoning word problems
Find the curved line Find the curved line
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library