(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line. A(n) _____ in the price of potatoes would rotate the budget line, changing the intercept on the _____ axis and moving it _____ the origin. Select one: a. decrease; vertical; away from b. increase; horizontal; away from c. increase; vertical; away from d. decrease; horizontal; toward

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
ChapterA: Working With Diagrams
Section: Chapter Questions
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(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line. A(n) _____ in the price of potatoes would rotate the budget line, changing the intercept on the _____ axis and moving it _____ the origin.

Select one:
a. decrease; vertical; away from
b. increase; horizontal; away from
c. increase; vertical; away from
d. decrease; horizontal; toward
Figure and Table: The Budget Line
Quantity
of potatoes
(pounds)
12
IA
10
8
B
6
2
E
5 6
Quantity of clams (pounds)
1
2
3
Quantity
of Clams
Quantity
of Potatoes
Consumption
Bundle
(pounds)
(pounds)
A
10
В
6
D
3
4
E
4
2
F
5
Transcribed Image Text:Figure and Table: The Budget Line Quantity of potatoes (pounds) 12 IA 10 8 B 6 2 E 5 6 Quantity of clams (pounds) 1 2 3 Quantity of Clams Quantity of Potatoes Consumption Bundle (pounds) (pounds) A 10 В 6 D 3 4 E 4 2 F 5
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