Ask a Question
  
  
  
Top Posters
Since Sunday
13
12
11
10
10
10
10
10
10
10
9
9
New Topic  
wrote...
Posts: 59
2 weeks ago
Suppose that the quantity of hamburgers is measured along the vertical axis and that the quantity of popcorn is measured along the horizontal axis. The vertical intercept is 10 hamburgers, and the slope of the budget line is -2. If the price of popcorn falls from $1 to $0.50, then we know that

• the horizontal intercept shifts to 20 bags of popcorn.

• the horizontal intercept shifts to 10 bags of popcorn.

• the vertical intercept shifts to 20 hamburgers.

• the vertical intercept shifts to 5 hamburgers.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
Read 2 times
2 Replies
Replies
Answer verified by a subject expert
wrote...
Posts: 65
2 weeks ago
Sign in or Sign up in seconds to unlock everything.
the horizontal intercept shifts to 10 bags of popcorn.
1
Related Topics
wrote...
2 weeks ago
Thanks
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  61 People Browsing
 104 Signed Up Today
Related Images
 398
 769
 398
Your Opinion
In one word, how would you rate our website?
Votes: 79