Suppose we buy quantities $x_1$ and $x_2$ , respectively, of two goods.The following graph shows the budget constraint $p_{1} x_{1}+p_{2} x_{2}=k$
, where $p_{1}$
and $p_{2}$ are the prices of the two goods and k is the available budget.If the price of the first good is doubled, but the other values are unchanged, what is the $x_{2}-$
intercept of the new budget constraint?
A) $\frac{2 k}{p_{2}}$
B) $\frac{2 k}{p_{1}}$
C) $\frac{ k}{p_{2}}$
D) $\frac{k}{p_{1}}$

Question

Suppose we buy quantities $x_1$ and $x_2$ , respectively, of two goods.The following graph shows the budget constraint $p_{1} x_{1}+p_{2} x_{2}=k$
 , where $p_{1}$
 and $p_{2}$ are the prices of the two goods and k is the available budget.If the price of the first good is doubled, but the other values are unchanged, what is the $x_{2}-$
 intercept of the new budget constraint? 
A) $\frac{2 k}{p_{2}}$ 
B) $\frac{2 k}{p_{1}}$ 
C) $\frac{ k}{p_{2}}$ 
D) $\frac{k}{p_{1}}$

Quizplus · Accepted Answer

The Answer of Suppose we buy quantities $x_1$ and $x_2$ , respectively, of two goods.The following graph shows the budget constraint $p_{1} x_{1}+p_{2} x_{2}=k$
 , where $p_{1}$
 and $p_{2}$ are the prices of the two goods and k is the available budget.If the price of the first good is doubled, but the other values are unchanged, what is the $x_{2}-$
 intercept of the new budget constraint? 
A) $\frac{2 k}{p_{2}}$ 
B) $\frac{2 k}{p_{1}}$ 
C) $\frac{ k}{p_{2}}$ 
D) $\frac{k}{p_{1}}$

Suppose We Buy Quantities x1x_1x1​ And x2x_2x2​ , Respectively, of Two Goods p1x1+p2x2=kp_{1} x_{1}+p_{2} x_{2}=kp1​x1​+p2​x2​=k

Suppose We Buy Quantities $x_1$ And $x_2$ , Respectively, of Two Goods $p_{1} x_{1}+p_{2} x_{2}=k$