Multiple Choice
Suppose we buy quantities and , respectively, of two goods.The following graph shows the budget constraint
, where
and are the prices of the two goods and k is the available budget.If the price of the first good is doubled, but the other values are unchanged, what is the
intercept of the new budget constraint?
A)
B)
C)
D)
Correct Answer:

Verified
Correct Answer:
Verified
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