EBK INTERMEDIATE MICROECONOMICS AND ITS
12th Edition
ISBN: 9781305176386
Author: Snyder
Publisher: YUZU
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Chapter 1A.4, Problem 1MQ
To determine
To find: the change in something else due to changes illustrated in figure.
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Refer to the exhibit ...what does a movement from point G to F means?
Suppose the price of a donut is $2.50, the price of a cinnamon roll is $3.20, and the budget is $50. Donuts are on the x-axis and cinnamon rolls are on the y-axis. If the budget is decreased to $40, what happens to the Budget Line?
The budget line undergoes a parallel shift outward
The budget lines undergoes a parallel shift inward
The budget lines rotates outward
The budget lines rotates inward
Suppose the price of a donut is $2.50, the price of a cinnamon roll is $3.20, and the budget is $50. Donuts are on the x-axis and cinnamon rolls are on the y-axis. If the price of a donut increases to $3.30, what happens to the Budget Line?
The budget line undergoes a parallel shift outward
The budget lines undergoes a parallel shift inward
The budget lines rotates outward
The budget lines rotates inward
Chapter 1A Solutions
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