The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating outward and not changing its horizontal intercept?
A) a fall in the price of a pound of coffee
B) a rise in the price of a pound of coffee
C) a fall in the price of a gallon of gasoline
D) a rise in the price of a gallon of gasoline
C
Economics
You might also like to view...
Selecting the wrong leadership style can result in all of the following EXCEPT:
a. resistance instead of commitment to an idea b. wasted timed c. unhappy or hostile employees d. acceptable solutions
Economics
If marginal product is decreasing what can we say about what is happening to average product? Explain
What will be an ideal response?
Economics