Solved

If the Budget Line Rotates Inward and Becomes Steeper,there Is

Question 125

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions