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-If a Budget Line Rotates Inward and Becomes Steeper, Then

Question 3

Multiple Choice

-If a budget line rotates inward and becomes steeper, then the A) consumer's budget increased. B) price of one of the goods increased. C) price of one of the goods decreased. D) price of both of the goods must have decreased. E) consumer's budget decreased.
-If a budget line rotates inward and becomes steeper, then the


A) consumer's budget increased.
B) price of one of the goods increased.
C) price of one of the goods decreased.
D) price of both of the goods must have decreased.
E) consumer's budget decreased.

Correct Answer:

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