Multiple Choice
Refer to the information provided in Figure 6.7 below to answer the question(s) that follow. Figure 6.7
-Refer to Figure 6.7. Along budget constraint AB, the price of good X is $25 and the price of good Y is $18. If the price of Y decreases to $14, the budget constraint will
A) pivot in at point B.
B) pivot out at point A.
C) shift in parallel to AB.
D) pivot in at point A.
Correct Answer:

Verified
Correct Answer:
Verified
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