given goods A and B and a budget, if the relative price of A were to increase, the budget line would: A. Shift out in parallel fashion. B. Shift in a relative fashion. C. Become steeper. D. Become flatter

given goods A and B and a budget, if the relative price of A were to increase, the budget line would: A. Shift out in parallel fashion. B. Shift in a relative fashion. C. Become steeper. D. Become flatter

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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given goods A and B and a budget, if the relative price of A were to increase, the budget line would:
A. Shift out in parallel fashion.
B. Shift in a relative fashion.
C. Become steeper.
D. Become flatter

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