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If the Graph Shown Represents Donna's Budget Constraint,and the Price

Question 46

Multiple Choice

  If the graph shown represents Donna's budget constraint,and the price of earrings were to decrease,the slope of Donna's budget constraint would become: A)  steeper, reflecting the fact that hairbands are now relatively less expensive. B)  flatter, reflecting the fact that hairbands are now relatively more expensive. C)  steeper, reflecting the fact that earrings are now relatively less expensive. D)  flatter, reflecting the fact that earrings are now relatively more expensive. If the graph shown represents Donna's budget constraint,and the price of earrings were to decrease,the slope of Donna's budget constraint would become:


A) steeper, reflecting the fact that hairbands are now relatively less expensive.
B) flatter, reflecting the fact that hairbands are now relatively more expensive.
C) steeper, reflecting the fact that earrings are now relatively less expensive.
D) flatter, reflecting the fact that earrings are now relatively more expensive.

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