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corie corie
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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 food and clothing increase and income does 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
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Microeconomics

Microeconomics


Edition: 8th
Author:
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#1
6 years ago
E
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