4) Refer to Figure 6.6. Bill's budget constraint was originally AD. If his new budget constraint is EF, then his income A) increased. B) decreased. C) increased and the price of black beans price increased. D) increased and the price of bell peppers decreased. 5) Refer to Figure 6.6. Bill's budget constraint is BD. Bill's income is $600, the price of a bell pepper is $1, and the price of a bag of black beans is $2. At point D Bill is buying ________ bell peppers and ________ bags of black beans. A) 600; 300 B) 0; 300 C) 600; 0 D) 300; 150

4) Refer to Figure 6.6. Bill's budget constraint was originally AD. If his new budget constraint is EF, then his income A) increased. B) decreased. C) increased and the price of black beans price increased. D) increased and the price of bell peppers decreased. 5) Refer to Figure 6.6. Bill's budget constraint is BD. Bill's income is $600, the price of a bell pepper is $1, and the price of a bag of black beans is $2. At point D Bill is buying bell peppers and bags of black beans. A) 600; 300 B) 0; 300 C) 600; 0 D) 300; 150

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 19CTQ: Suppose Alphonsos town raises the price of bus tickets from 0.50 to 1 and file price of burgers...

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