Solved

Which of the Following Would Not Cause the Budget Line

Question 81

Multiple Choice

Which of the following would not cause the budget line between books and food to shift?


A) A fall in the price of books.
B) A fall in the price of food.
C) A change in the consumer's preferences.
D) A fall in income.
E) A fall in income coupled with a rise in the price of food.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q76: A candy bar sells for 50 cents,

Q77: Exhibit 6-24 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-24

Q78: Exhibit 6-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-23

Q79: Exhibit 6-28 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-28

Q80: Exhibit 6-29 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-29

Q82: If two goods have the same price,

Q83: People change their consumption choices in response

Q84: Exhibit 6-25 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-25

Q85: If a good is offered to a

Q86: _ utility is constant along a given