menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 6
  4. Exam
    Exam 9: Possibilities, Preferences, and Choices
  5. Question
    If the Price of the Good Measured on the Horizontal
Solved

If the Price of the Good Measured on the Horizontal

Question 458

Question 458

Multiple Choice

If the price of the good measured on the horizontal axis falls, a consumer's budget line


A) becomes flatter.
B) becomes steeper.
C) shifts rightward and its slope does not change.
D) shifts leftward and its slope does not change.

Correct Answer:

verifed

Verified

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

Related Questions

Q449: In a budget line/indifference curve figure, how

Q450: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Melissa has an

Q451: The more closely substitutable are two goods,

Q452: An indifference curve is a line that

Q453: The rate at which Sam is willing

Q454: The rate at which a person is

Q455: Which of the following results in a

Q456: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -In the above

Q457: Suppose that Dave has $200 to spend

Q459: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Joe has $50,

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines