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-Lizzie's Budget Line Is Shown in the Figure Above

Question 293

Multiple Choice

-Lizzie's budget line is shown in the figure above. If the price of a cookie rises, Lizzie's real income in terms of cookies ________ and her real income in terms of magazines ________. A) decreases; increases B) increases; decreases C) decreases; does not change D) increases; does not change
-Lizzie's budget line is shown in the figure above. If the price of a cookie rises, Lizzie's real income in terms of cookies ________ and her real income in terms of magazines ________.


A) decreases; increases
B) increases; decreases
C) decreases; does not change
D) increases; does not change

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