Multiple Choice
Assume Hannah's budget constraint is represented in the graph shown. If the price of movie theater tickets increases, the slope of Hannah's budget constraint will become _____, reflecting the fact that _____ are now relatively _____ expensive.
A) steeper; movie theater tickets; less
B) flatter; movie theater tickets; more
C) steeper; movie rentals; less
D) flatter; movie rentals; more
Correct Answer:
Verified
Correct Answer:
Verified
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