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corie corie
wrote...
Posts: 767
6 years ago
Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifference map.  If the price of clothing increases and the price of food and income do not change, then the budget line changes by rotating:
A) counter-clockwise about the fixed vertical axis intercept.
B) clockwise about the fixed vertical axis intercept.
C) counter-clockwise about the fixed horizontal axis intercept.
D) clockwise about the fixed horizontal axis intercept.
E) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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Posts: 477
6 years ago
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corie Author
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6 years ago
Thank you, thank you, thank you!
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You make an excellent tutor!
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Thanks
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