A consumer consumes 2 goods, x and y. If the price of good x trebles and the price of good y doubles and his income quadruples then his budget constraint will a. Move further away from the origin without changing slope 17 b. Move closer to the origin without changing slope c. Not move. d Move further away from the origin and change slope

Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
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A consumer consumes 2 goods, x and y. If the price of good x trebles and the price of good y
doubles and his income quadruples then his budget constraint will
a. Move further away from the origin without changing slope
17
b. Move closer to the origin without changing slope
c. Not move.
d. Move further away from the origin and change slope
Transcribed Image Text:A consumer consumes 2 goods, x and y. If the price of good x trebles and the price of good y doubles and his income quadruples then his budget constraint will a. Move further away from the origin without changing slope 17 b. Move closer to the origin without changing slope c. Not move. d. Move further away from the origin and change slope
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