Figure 3.2.3
-Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifference map. If the price of food and clothing increase and income does not change, then the budget line changes by rotating:
A) counter-clockwise about the fixed vertical axis intercept.
B) clockwise about the fixed vertical axis intercept.
C) counter-clockwise about the fixed horizontal axis intercept.
D) clockwise about the fixed horizontal axis intercept.
E) none of the above

Question

Figure 3.2.3
-Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifference map. If the price of food and clothing increase and income does not change, then the budget line changes by rotating:
A) counter-clockwise about the fixed vertical axis intercept. 
B) clockwise about the fixed vertical axis intercept. 
C) counter-clockwise about the fixed horizontal axis intercept. 
D) clockwise about the fixed horizontal axis intercept. 
E) none of the above

Quizplus · Accepted Answer

The Answer of  Figure 3.2.3
-Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifference map. If the price of food and clothing increase and income does not change, then the budget line changes by rotating:
A) counter-clockwise about the fixed vertical axis intercept. 
B) clockwise about the fixed vertical axis intercept. 
C) counter-clockwise about the fixed horizontal axis intercept. 
D) clockwise about the fixed horizontal axis intercept. 
E) none of the above

Figure 3.2.3 -Suppose a Consumer Only Purchases Food and Clothing, and Food