Question 14 (2 8. R 3. T-shirts The above diagram represents Ken's budget constraint for T'shirts and movies given his $96 budget. What do you think will happen to his budget constrain (line) if the price of T-shirts increases. It will shift inward It will pivot inward along the y axis It will pivot inward along the x axis It will pivot outward along the x axis S. 6. 321 0 Movies

Question 14 (2 8. R 3. T-shirts The above diagram represents Ken's budget constraint for T'shirts and movies given his $96 budget. What do you think will happen to his budget constrain (line) if the price of T-shirts increases. It will shift inward It will pivot inward along the y axis It will pivot inward along the x axis It will pivot outward along the x axis S. 6. 321 0 Movies

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 2.4P

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