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When the price of a good decreases, the budget constraint shifts out parallel to the original budget ...

PiMaster314

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When the price of a good decreases, the budget constraint shifts out parallel to the original budget ...

Question 1.

When the price of a good increases, the budget constraint does not change.

▸ true

▸ false

Question 2.

When the price of a good decreases, the budget constraint shifts out parallel to the original budget constraint.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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