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Consider a Graph with the Composite Consumption Good on the Y-Axis

Question 17

Multiple Choice

Consider a graph with the composite consumption good on the Y-axis and commencement tickets on the X-axis.Assume seniors are allowed only 5 tickets at a price of zero.As the price of commencement tickets increases from $0 to $20,the slope of the:


A) indifference curves for students with large families increases.
B) budget line decreases.
C) budget line is zero,that is,the budget line becomes vertical.
D) indifference curves for students with small families increases.

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