Wendy's bus ticket and sandwich budget is $2D a week. The price of a bus ticket is $2 and the price of a sandwich is $5. How do Wendy's consumption possibilities change if, cther things remaining the same, () the prce of a sandwich rises and () Wendy's income decreases? Other things rermaining the same, if the price of a sandwich rises, Wendy can afford to buy sandwiches if she spends all her income on sandwiches Other things remaining the same, if Wendy's income decreases, her budget ine OA. fewer, shifts inward and her consumption possibilties increase OB. fewer, shifts inward and her consumption possbilties decrease OC more; shits outward and her consumption possibiltes decrease D. fewor, shits outward and her consumption possiblities increase

Wendy's bus ticket and sandwich budget is $2D a week. The price of a bus ticket is $2 and the price of a sandwich is $5. How do Wendy's consumption possibilities change if, cther things remaining the same, () the prce of a sandwich rises and () Wendy's income decreases? Other things rermaining the same, if the price of a sandwich rises, Wendy can afford to buy sandwiches if she spends all her income on sandwiches Other things remaining the same, if Wendy's income decreases, her budget ine OA. fewer, shifts inward and her consumption possibilties increase OB. fewer, shifts inward and her consumption possbilties decrease OC more; shits outward and her consumption possibiltes decrease D. fewor, shits outward and her consumption possiblities increase

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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