The quantity of good M is measured along the vertical axis, and the quantity of good N is measured along the horizontal axis. If the prices of both goods M and N declines by 50% each, then the budget line

A. shifts inward to the left by 50%.
B. rotates clockwise by 180 degrees.
C. shifts outward to the right by 100%.
D. shifts outward to the right by 50%.

Answer: C

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