Multiple Choice
Suppose a consumer must pay $P per visit to the local museum for each of the first 5 visits but $2P per visit from the 6th visit on.With a composite consumption good on the Y-axis and visits to the museum on the X-axis,the budget line:
A) is vertical after 5 visits.
B) becomes steeper after 5 visits.
C) becomes flatter after 5 visits.
D) shifts outward after 5 visits.
Correct Answer:

Verified
Correct Answer:
Verified
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