Solved

-The Above Figure Shows Jane's Budget Line and Two of Her

Question 258

Multiple Choice

-The above figure shows Jane's budget line and two of her indifference curves. Which of the following happens to Jane's budget line if there were an increase in her monthly dining-out budget? A) It would bend toward the origin, becoming more convex. B) It would bend away from the origin, becoming more concave. C) It would shift rightward and not change its slope. D) It would shift leftward and not change its slope.
-The above figure shows Jane's budget line and two of her indifference curves. Which of the following happens to Jane's budget line if there were an increase in her monthly dining-out budget?


A) It would bend toward the origin, becoming more convex.
B) It would bend away from the origin, becoming more concave.
C) It would shift rightward and not change its slope.
D) It would shift leftward and not change its slope.

Correct Answer:

verifed

Verified

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

Related Questions

Q253: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Consider the indifference

Q254: Indifference curves shift or rotate<br>A) only when

Q255: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The above figure

Q256: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The above figure

Q257: Which of the following statements is TRUE?<br>A)

Q259: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -In the above

Q260: The magnitude of the slope of the

Q261: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -In the above

Q262: Tunitra consumes at a point on her

Q263: Larry consumes at a point on his