Wendy's bus ticket and sandwich budget is $2D a week. The price of a bus ticket is $2 and the price of a sandwich is $5. How do Wendy's consumption possibilities change if, cther things remaining the same, () the prce of a sandwich rises and () Wendy's income decreases? Other things rermaining the same, if the price of a sandwich rises, Wendy can afford to buy sandwiches if she spends all her income on sandwiches Other things remaining the same, if Wendy's income decreases, her budget ine OA. fewer, shifts inward and her consumption possibilties increase OB. fewer, shifts inward and her consumption possbilties decrease OC more; shits outward and her consumption possibiltes decrease D. fewor, shits outward and her consumption possiblities increase

Wendy's bus ticket and sandwich budget is $2D a week. The price of a bus ticket is $2 and the price of a sandwich is $5. How do Wendy's consumption possibilities change if, cther things remaining the same, () the prce of a sandwich rises and () Wendy's income decreases? Other things rermaining the same, if the price of a sandwich rises, Wendy can afford to buy sandwiches if she spends all her income on sandwiches Other things remaining the same, if Wendy's income decreases, her budget ine OA. fewer, shifts inward and her consumption possibilties increase OB. fewer, shifts inward and her consumption possbilties decrease OC more; shits outward and her consumption possibiltes decrease D. fewor, shits outward and her consumption possiblities increase

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter10: Consumer Choice Theory

Section: Chapter Questions

Problem 8P

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