Assume popcorn on a vertical axis and soda on a horizontal axis. If the per unit price of soda decreases, a. the budget
Posted: Sat Feb 19, 2022 2:42 pm
Assume popcorn on a vertical axis and soda on a horizontal
axis. If the per unit price of soda decreases,
a. the budget constraint rotates inward more toward
popcorn.
b. the budget constraint rotates outward more toward
soda.
c. the budget constraint rotates outward more toward
popcorn.
d. the budget constraint shifts parallel
outward.
e. the budget constraint shifts parallel inward.
f. both b) and d) are correct
g. b), c), and d) are all correct
axis. If the per unit price of soda decreases,
a. the budget constraint rotates inward more toward
popcorn.
b. the budget constraint rotates outward more toward
soda.
c. the budget constraint rotates outward more toward
popcorn.
d. the budget constraint shifts parallel
outward.
e. the budget constraint shifts parallel inward.
f. both b) and d) are correct
g. b), c), and d) are all correct