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    Economics Study Set 8
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    Exam 19: The Logic of Individual Choice: the Foundation of Supply and Demand
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    Refer to the Following Graph
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Refer to the Following Graph

Question 107

Question 107

Multiple Choice

Refer to the following graph. If the price of bagels falls, the budget constraint in the graph will rotate: Refer to the following graph. If the price of bagels falls, the budget constraint in the graph will rotate:   A) out and become flatter. B) out and have the same slope. C) in and become flatter. D) in and become steeper.


A) out and become flatter.
B) out and have the same slope.
C) in and become flatter.
D) in and become steeper.

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