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nakungth nakungth
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6 years ago
If prices and income in a two-good society double, what will happen to the budget line?
A) The intercepts of the budget line will increase.
B) The intercepts of the budget line will decrease.
C) The slope of the budget line may either increase or decrease.
D) Insufficient information is given to determine what effect the change will have on the budget line but we know society is worse-off.
E) There will be no effect on the budget line.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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6 years ago
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nakungth Author
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#2
5 years ago
Thank you!
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