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Author Question: Assume the quantity of good X is measured on the horizontal axis and the quantity of good Y on the ... (Read 117 times)

effaey

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on: Oct 12, 2022
Assume the quantity of good X is measured on the horizontal axis and the quantity of good Y on the vertical axis. Initial prices are PX = $5 and PY = $10. The consumer's income is $100. If PY increases to $20, then
◦ the budget line will rotate toward the origin with the slope changing from 1/2 to 1/4 (in absolute values).
◦ the entire budget line shifts parallel toward the origin.
◦ the budget line will rotate away from the origin with the slope changing from 1/4 to 1/2 (in absolute values).
◦ the budget line will rotate toward the origin, slope remaining constant.
◦ the entire budget line shifts parallel away from the origin.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by effaey on Oct 12, 2022

char00char

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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.
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effaey

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Reply 2 on: Oct 12, 2022
Excellent

yeungji

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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