Solved

Figure 10-5 -Refer to Figure 10-5.Suppose the Price of Pizza Increases While

Question 99

Multiple Choice

Figure 10-5
Figure 10-5    -Refer to Figure 10-5.Suppose the price of pizza increases while the price of hamburger remains constant.Then, the consumer's A) indifference curve becomes more concave away from the origin. B) indifference curve becomes straighter. C) budget constraint moves inward toward the origin on the pizza axis while the hamburger intercept remains the same. D) budget constraint moves outward away from the origin on the pizza axis while the hamburger intercept remains the same.
-Refer to Figure 10-5.Suppose the price of pizza increases while the price of hamburger remains constant.Then, the consumer's


A) indifference curve becomes more concave away from the origin.
B) indifference curve becomes straighter.
C) budget constraint moves inward toward the origin on the pizza axis while the hamburger intercept remains the same.
D) budget constraint moves outward away from the origin on the pizza axis while the hamburger intercept remains the same.

Correct Answer:

verifed

Verified

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

Related Questions