Multiple Choice
Use the following to answer questions:
Scenario: E-Books and Sports Tickets
Phillip has an income of $300 per month, which he uses to purchase two goods, e-books and sports tickets. Each e-book costs $10, and each ticket costs $15.
-(Scenario: E-Books and Sports Tickets) Read the scenario E-Books and Sports Tickets. Phillip gets an increase in the amount of his monthly income allotted for e-books and sports tickets. Holding everything else constant, Phillip's budget line has:
A) shifted parallel inward to the origin.
B) rotated around the lower-priced good.
C) rotated around the higher-priced good.
D) shifted parallel outward away from the origin.
Correct Answer:

Verified
Correct Answer:
Verified
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