Multiple Choice
-In the above figure, if the price of pizza falls, the budget line
A) rotates outward and becomes steeper.
B) shifts leftward and its slope does not change.
C) shifts rightward and its slope does not change.
D) rotates inward and becomes flatter.
Correct Answer:

Verified
Correct Answer:
Verified
Q283: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -According to the
Q284: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Given the budget
Q285: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The relative price
Q286: When the price of a normal good
Q287: A curve/line that shows combinations of goods
Q289: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The figure above
Q290: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -In the figure
Q291: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Tom is stranded
Q292: "Every point on a budget line has
Q293: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Lizzie's budget line