Refer to the information provided in Figure 6.7 below to answer the question(s) that follow.
Figure 6.7Refer to Figure 6.7. Along budget constraint AB, the price of good X is $10 and the price of good Y is $12. If the price of X increases to $15, the budget constraint will
A. pivot in at point A.
B. pivot out at point A.
C. pivot in at point B.
D. shift in parallel to AB.
Answer: C
Economics
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