Solved

The Following Figure Shows the Budget Constraint of Lesley When

Question 180

Multiple Choice

The following figure shows the budget constraint of Lesley when she is faced with two goods: burgers and icecream.
The following figure shows the budget constraint of Lesley when she is faced with two goods: burgers and icecream.    -Refer to the figure above.If Lesley's budget for burgers and ice creams is cut by half,Lesley's new budget constraint ________. A)  will cross the vertical axis at 5, and will cross the horizontal axis at 3 B)  will start from the same point on the vertical axis, but will cross the horizontal axis at 3 C)  will start from the same point on the horizontal axis, but will cross the vertical axis at 5 D)  will cross the vertical axis at 20, and will cross the horizontal axis at 12
-Refer to the figure above.If Lesley's budget for burgers and ice creams is cut by half,Lesley's new budget constraint ________.


A) will cross the vertical axis at 5, and will cross the horizontal axis at 3
B) will start from the same point on the vertical axis, but will cross the horizontal axis at 3
C) will start from the same point on the horizontal axis, but will cross the vertical axis at 5
D) will cross the vertical axis at 20, and will cross the horizontal axis at 12

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions