Tim enjoys going to the theater to see plays, and he also enjoys going to rock concerts. The following diagram shows two

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Tim Enjoys Going To The Theater To See Plays And He Also Enjoys Going To Rock Concerts The Following Diagram Shows Two 1 (11.41 KiB) Viewed 25 times

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Tim enjoys going to the theater to see plays, and he also enjoys going to rock concerts. The following diagram shows two of Tim's indifference curves for going to plays and concerts. With Tim's initial budget constraint (BC), he chose to go to two concerts and six plays per month (point X). Then his budget constraint shifted to BC2, and he chose to go to five concerts and five plays per month (point Y).
? 10 00 PLAYS BC BC 0 0 2 8 10 5 CONCERTS
of the following choices, which could have shifted Tim's budget constraint from BC to BC2? Check all that apply. The prices of both theater and concert tickets decreased while his income stayed the same. The prices of both theater and concert tickets increased while his income stayed the same. His income decreased while the prices of theater and concert tickets stayed the same. normal His income increased while the prices of theater and concert tickets stayed the same. inferior goods and concerts are Based on Tim's consumption of plays and concerts after his budget constraint shifted, plays are goods.