Solved

-The Figure Above Shows Sam's Budget Line

Question 3

Multiple Choice

-The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating outward and not changing its horizontal intercept? A) a fall in the price of a pound of coffee B) a rise in the price of a pound of coffee C) a fall in the price of a gallon of gasoline D) a rise in the price of a gallon of gasoline
-The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating outward and not changing its horizontal intercept?


A) a fall in the price of a pound of coffee
B) a rise in the price of a pound of coffee
C) a fall in the price of a gallon of gasoline
D) a rise in the price of a gallon of gasoline

Correct Answer:

verifed

Verified

Related Questions

Q1: Some parents struggling with back-to-school buys. "A

Q2: If two goods are perfect complements, the

Q4: When oranges increase in price, the income

Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -In the above

Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -In the above

Q7: If the newspaper reported that wearing plaid

Q8: Janelle spends all of her income on

Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Nadya spends $200

Q10: The effect of a change in price

Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Lizzie's budget line