Multiple Choice
If income decreases,then:
A) the budget line remains the same.
B) the vertical intercept of the budget line shifts downward.
C) the horizontal intercept of the budget line shifts upward.
D) the slope of the budget line becomes steeper.
Correct Answer:
Verified
Correct Answer:
Verified
Q121: Mitchell's money income is $150,the price of
Q122: Suppose that three consumers are in the
Q123: Managers can get workers to work longer
Q124: By the transitivity property,if A ≻ B
Q125: Indifference curves further from the origin imply:<br>A)
Q127: Clothing stores frequently run "sales" where they
Q128: Suppose that consumers' preferences are well behaved
Q129: Suppose we are given that the value
Q130: Suppose a manager's preferences depend only on
Q131: The difference between a price increase and