Top Posters
Since Sunday
r
5
m
5
h
5
r
5
t
5
B
5
P
5
s
5
m
5
c
5
c
4
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
adnan_buljic adnan_buljic
wrote...
Go to Answer
Posts: 137
Rep: 0 0
A year ago
Assume the quantity of good X is measured on the horizontal axis and the quantity of good Y on the vertical axis. Initial prices are PX = $5 and PY = $10. The consumer's income is $100. If PY increases to $20, then

▸ the budget line will rotate toward the origin with the slope changing from 1/2 to 1/4 (in absolute values).

▸ the entire budget line shifts parallel toward the origin.

▸ the budget line will rotate away from the origin with the slope changing from 1/4 to 1/2 (in absolute values).

▸ the budget line will rotate toward the origin, slope remaining constant.

▸ the entire budget line shifts parallel away from the origin.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 34 times
1 Reply
Replies
Answer verified by a subject expert
hadu582hadu582
wrote...
#1
Posts: 129
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

adnan_buljic Author
wrote...

A year ago
this is exactly what I needed
elizabetheldrid
wrote...

Yesterday
Brilliant ツ
deathDoUsPart
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  849 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 187
  
 1486
  
 329
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 820
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?