Multiple Choice
If the budget line rotates inward and becomes steeper,there is a
A) higher opportunity cost of the good measured on the x-axis.
B) lower opportunity cost of the good measured on the x-axis.
C) larger budget.
D) higher price for the good measured on the y-axis.
E) lower price for the good measured on the x-axis.
Correct Answer:

Verified
Correct Answer:
Verified
Q102: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure
Q120: If one of the products a consumer
Q123: The slope of the budget line represents
Q124: At her best affordable point,Kris<br>i.is on her
Q126: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q127: An indifference curve is a line that
Q128: Which of the following is true if
Q129: On a budget line,sub sandwiches are measured
Q130: Diminishing marginal utility means that an increase
Q344: Is "utility" another word for the cost