Multiple Choice
Assume that you divide your food budget between fish and chicken.Which of the following would not alter the position of a budget line drawn with fish on the horizontal axis and chicken on the vertical axis?
A) an increase in the price of fish
B) a decrease in the price of chicken
C) a change in your preference for fish
D) an increase in your food budget
E) an increase in the price of fish combined with an increase in your food budget
Correct Answer:

Verified
Correct Answer:
Verified
Q33: A family on a trip budgets $200
Q34: Exhibit 6-25 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-25
Q35: Indifference curves in a consumer's indifference map
Q36: Exhibit 6-25 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-25
Q37: The slope of a budget line with
Q39: Suppose Norm really loves coffee and Diane
Q40: For inferior goods, a rise in price
Q41: Which of the following illustrates the concept
Q42: The slope of an indifference curve is
Q43: Exhibit 6-29 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-29