Assume Alan's budget constraint is demonstrated by line A in the graph shown. Which of the following could cause Alan's budget constraint to change to line B?
A. The price of books could have decreased.
B. The price of books could have increased.
C. The price of movie tickets could have increased.
D. The price of movie tickets could have decreased.
C. The price of movie tickets could have increased.
Economics
You might also like to view...
The horizontal axis on the aggregate demand-aggregate supply model measures
a. the price of the specific product produced. b. the level of total output. c. the price level. d. the level of employment.
Economics
Is it possible for technological change to be negative? If so, give an example
What will be an ideal response?
Economics