Theodore's budget line has changed from A to B. Which of the following explains the change in Theodore's budget line? A) The price of food increased, and the price of clothing decreased. B) The price of food and the price of clothing increased. C The price of food and the price of clothing decreased. D) The price of food decreased, and the price of clothing increased. E) none of the above

Theodore's budget line has changed from A to B. Which of the following explains the change in Theodore's budget line? A) The price of food increased, and the price of clothing decreased. B) The price of food and the price of clothing increased. C The price of food and the price of clothing decreased. D) The price of food decreased, and the price of clothing increased. E) none of the above

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics

Section: Chapter Questions

Problem 2WNG

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Don't use chatgpt,,, I will 5 upvotes
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