4) Refer to Figure 6.6. Bill's budget constraint was originally AD. If his new budget constraint is EF, then his income A) increased. B) decreased. C) increased and the price of black beans price increased. D) increased and the price of bell peppers decreased. 5) Refer to Figure 6.6. Bill's budget constraint is BD. Bill's income is $600, the price of a bell pepper is $1, and the price of a bag of black beans is $2. At point D Bill is buying ________ bell peppers and ________ bags of black beans. A) 600; 300 B) 0; 300 C) 600; 0 D) 300; 150
4) Refer to Figure 6.6. Bill's budget constraint was originally AD. If his new budget constraint is EF, then his income A) increased. B) decreased. C) increased and the price of black beans price increased. D) increased and the price of bell peppers decreased. 5) Refer to Figure 6.6. Bill's budget constraint is BD. Bill's income is $600, the price of a bell pepper is $1, and the price of a bag of black beans is $2. At point D Bill is buying ________ bell peppers and ________ bags of black beans. A) 600; 300 B) 0; 300 C) 600; 0 D) 300; 150
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
4) Refer to Figure 6.6. Bill's budget constraint was originally AD. If his new budget constraint is EF, then his income
A) increased.
B) decreased.
C) increased and the
D) increased and the price of bell peppers decreased.
5) Refer to Figure 6.6. Bill's budget constraint is BD. Bill's income is $600, the price of a bell pepper is $1, and the price of a bag of black beans is $2. At point D Bill is buying ________ bell peppers and ________ bags of black
beans.
A) 600; 300 B) 0; 300 C) 600; 0 D) 300; 150
Transcribed Image Text:Bill's monthly budget constraint
E
C
B
D_F_
Number of black beans per month
Figure 6.6
Number of bell peppers
per month
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