Which of the following would not cause the budget line between books and food to shift?
A) A fall in the price of books.
B) A fall in the price of food.
C) A change in the consumer's preferences.
D) A fall in income.
E) A fall in income coupled with a rise in the price of food.
Correct Answer:
Verified
Q68: Exhibit 6-28 Q69: Exhibit 6-27 Q70: Exhibit 6-29 Q71: If the marginal utilities per dollar are Q72: If a consumer allocates income between goods Q74: Economists assume that, within a given budget, Q75: Only a change in income can affect Q76: If two goods have the same price, Q77: A consumer maximizes utility where the Q78: Which of the following statements about indifference Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)budget line
