Suppose the price of A is $2 and the price of B is $3 and that good A is plotted on the horizontal axis. If the price of A doubles and the price of B triples, leaving the consumer's income unchanged, the budget line O will become flatter. O will become steeper. O will shift out from the origin. will be unchanged. will shift in toward the origin.
Suppose the price of A is $2 and the price of B is $3 and that good A is plotted on the horizontal axis. If the price of A doubles and the price of B triples, leaving the consumer's income unchanged, the budget line O will become flatter. O will become steeper. O will shift out from the origin. will be unchanged. will shift in toward the origin.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter20: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
Problem 6QP
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![Suppose the price of A is $2 and the price of B is $3 and that good A is plotted on
the horizontal axis. If the price of A doubles and the price of B triples, leaving the
consumer's income unchanged, the budget line
O will become flatter.
O will become steeper.
O will shift out from the origin.
will be unchanged.
will shift in toward the origin.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39e0df17-ad8c-4199-aeec-4dbcd0a552ce%2F974f5f57-f8b4-4762-8b19-3800a9df5ac9%2Fus8xz8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose the price of A is $2 and the price of B is $3 and that good A is plotted on
the horizontal axis. If the price of A doubles and the price of B triples, leaving the
consumer's income unchanged, the budget line
O will become flatter.
O will become steeper.
O will shift out from the origin.
will be unchanged.
will shift in toward the origin.
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