25. Suppose there are two goods (X and Y). On a traditional graph of a budget line a tripling of all prices and incomes will a. alter the slope of the budget line only. b. alter the slope of the budget line as well as the Y-intercept. c. alter the slope of the budget line as well as the X-intercept. d. leave the budget line unaltered.
25. Suppose there are two goods (X and Y). On a traditional graph of a budget line a tripling of all prices and incomes will a. alter the slope of the budget line only. b. alter the slope of the budget line as well as the Y-intercept. c. alter the slope of the budget line as well as the X-intercept. d. leave the budget line unaltered.
Principles of Microeconomics (MindTap Course List)
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Chapter21: The Theory Of Consumer Choice
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
Transcribed Image Text:25. Suppose there are two goods (X and Y). On a traditional graph of a budget line a tripling of all prices
and incomes will
a. alter the slope of the budget line only.
b. alter the slope of the budget line as well as the Y-intercept.
c. alter the slope of the budget line as well as the X-intercept.
d. leave the budget line unaltered.
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