EBK MICROECONOMICS
12th Edition
ISBN: 9780100659452
Author: PARKIN
Publisher: YUZU
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Question
Chapter 9, Problem 19APA
To determine
Change in budget line.
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Students have asked these similar questions
Hafidh's income is $200 a month. The price of watch is $25 a show, and the price of a Jeans is
$15.
a) Calculate the equation for Hafidh's budget line
b) Draw a graph of Hafidh's budget line with the quantity of Watches on the x-axis.
c) If Hafidh's income increased from S200 to 350S. Explain and show how Hafidh's
budget line changes with watches on the x-axis.
The figure shows Laura's budget line. Laura buys only lilies (Y) and orchids (X).
Lilies (number per month)
16-
The price of a lily is $4 and the price of an orchid is $7.
14-
Suppose Laura's income rises by $14 a month, the price of a lily increases by $6,
and the price of an orchid remains the same.
12-
What is the equation of Laura's new budget line?
10-
.....
8-
The equation of Laura's new budget line is
6-
O A. Y= 70- 3.0X
O B. Y= 70 - 6.0X
4-
O C. Y= 7-.7X
2-
O D. Y= 7-1.43X
Budget line
0-
10
Orchids (number per month)
Question No. 5|
Hafidh's income is $200 a month. The price of watch is $25 a show, and the price of a Jeans is
$15.
a) Calculate the equation for Hafidh's budget line
b) Draw a graph of Hafidh's budget line with the quantity of Watches on the x-axis.
c) If Hafidh's income increased from $200 to 350$. Explain and show how Hafidh's
budget line changes with watches on the x-axis.
Chapter 9 Solutions
EBK MICROECONOMICS
Ch. 9.1 - Prob. 1RQCh. 9.1 - Prob. 2RQCh. 9.1 - Prob. 3RQCh. 9.1 - Prob. 4RQCh. 9.1 - Prob. 5RQCh. 9.2 - Prob. 1RQCh. 9.2 - Prob. 2RQCh. 9.2 - Prob. 3RQCh. 9.2 - Prob. 4RQCh. 9.3 - Prob. 1RQ
Ch. 9.3 - Prob. 2RQCh. 9.3 - Prob. 3RQCh. 9.3 - Prob. 4RQCh. 9.3 - Prob. 5RQCh. 9 - Prob. 1SPACh. 9 - Prob. 2SPACh. 9 - Prob. 3SPACh. 9 - Prob. 4SPACh. 9 - Prob. 5SPACh. 9 - Prob. 6SPACh. 9 - Prob. 7SPACh. 9 - Prob. 8SPACh. 9 - Prob. 9SPACh. 9 - Prob. 10SPACh. 9 - Prob. 11SPACh. 9 - Prob. 12APACh. 9 - Prob. 13APACh. 9 - Prob. 14APACh. 9 - Prob. 15APACh. 9 - Prob. 16APACh. 9 - Prob. 17APACh. 9 - Prob. 18APACh. 9 - Prob. 19APACh. 9 - Prob. 20APACh. 9 - Prob. 21APACh. 9 - Prob. 22APACh. 9 - Prob. 23APACh. 9 - Prob. 24APACh. 9 - Prob. 25APACh. 9 - Prob. 26APACh. 9 - Prob. 27APACh. 9 - Prob. 28APACh. 9 - Prob. 29APACh. 9 - Prob. 30APA
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