Suppose that the quantity of tacos consumed per month is on the x-axis and the quantity of pizzas consumed per month is on the y-axis, a decrease in the price of pizza holding the price of tacos constant will A. cause the budget line to shift inward toward the origin in a parallel fashion. B. cause the y-intercept to remain the same, but the -intercept will move away the origin. C. cause the budget line to shift outward from the origin in a parallel fashion. D. cause the x-intercept to remain the same, but the y-intercept will move away from the origin
Suppose that the quantity of tacos consumed per month is on the x-axis and the quantity of pizzas consumed per month is on the y-axis, a decrease in the price of pizza holding the price of tacos constant will A. cause the budget line to shift inward toward the origin in a parallel fashion. B. cause the y-intercept to remain the same, but the -intercept will move away the origin. C. cause the budget line to shift outward from the origin in a parallel fashion. D. cause the x-intercept to remain the same, but the y-intercept will move away from the origin
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 8SQ
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Suppose that the quantity of tacos consumed per month is on the x-axis and the quantity of pizzas consumed per month is on the y-axis, a decrease in the
A. cause the budget line to shift inward toward the origin in a parallel fashion.
B. cause the y-intercept to remain the same, but the -intercept will move away the origin.
C. cause the budget line to shift outward from the origin in a parallel fashion.
D. cause the x-intercept to remain the same, but the y-intercept will move away from the origin
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