Multiple Choice
Suppose the price of A is $20 and the price of B is $10 and that good A is plotted on the horizontal axis. If the price of B doubles and the price of B triples, leaving the consumer's income unchanged, the budget line
A) will become steeper.
B) will become flatter.
C) will shift in toward the origin.
D) will shift out from the origin.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: The "equal bang for the buck" idea
Q19: Suppose all prices double and income triples.
Q30: If the government would like to induce
Q31: Suppose the price of A is $20,
Q32: The budget line<br>A) represents the set of
Q33: Suppose a consumer purchases two goods, A
Q36: Suppose the price of A is $20,
Q37: Suppose that a consumer considers coffee and
Q38: Revealed preferences tells us that if basket
Q40: When analyzing how borrowing and lending affect