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  3. Study Set
    Microeconomics Study Set 34
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    Exam 12: Consumer Choices and Constraints
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    -In the Figure Above, Suppose the Original Budget Line Is
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-In the Figure Above, Suppose the Original Budget Line Is

Question 16

Question 16

Multiple Choice

  -In the figure above, suppose the original budget line is BD. A rise in the price of a compact disc will A)  rotate the budget line to CD. B)  result in a parallel leftward shift of the budget line. C)  not move the budget line. D)  rotate the budget line to AD.
-In the figure above, suppose the original budget line is BD. A rise in the price of a compact disc will


A) rotate the budget line to CD.
B) result in a parallel leftward shift of the budget line.
C) not move the budget line.
D) rotate the budget line to AD.

Correct Answer:

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