For the last question you put shift to the left. Here are the answer choices, which one would it be exactly? With quantity q2 on the vertical axis and quantity q1 on the horizontalThe budget line crosses the vertical axis at 92= 10The budget line crosses the horizontal axis at q1= 8Compute the slope of the budget line. The absolute value of this slopeNM NO 45 45QUESTION 412131415202530354050If the consumer's income decreases to l'=100, then the budget line wi✔ shift inward (parallel to the original line)shift outward (parallel to the original line)become steeperbecome flatterremain the same

Budget line shows the relationship between the two goods, their prices and the income of consumer.…

Answered: If the consumer's income decreases to…

If the consumer's income decreases to l'=100, then the budget line wi✔ shift inward (parallel to the original line) shift outward (parallel to the original line) become steeper become flatter

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

For the last question you put shift to the left. Here are the answer choices, which one would it be exactly?

With quantity q2 on the vertical axis and quantity q1 on the horizontal
The budget line crosses the vertical axis at 92= 10
The budget line crosses the horizontal axis at q1= 8
Compute the slope of the budget line. The absolute value of this slope
NM NO 45 45
QUESTION 4
12
13
14
15
20
25
30
35
40
50
If the consumer's income decreases to l'=100, then the budget line wi✔ shift inward (parallel to the original line)
shift outward (parallel to the original line)
become steeper
become flatter
remain the same

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