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Figure 3.2.4 -Refer to Figure 3.2.4. Theodore's Budget Line Has Changed from Changed

Question 52

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Figure 3.2.4 -Refer to Figure 3.2.4. Theodore's budget line has changed from A to B. Which of the following explains the change in Theodore's budget line? A) The price of food and the price of clothing increased. B) The price of food increased, and the price of clothing decreased. C) The price of food decreased, and the price of clothing increased. D) The price of food and the price of clothing decreased. E) none of the above Figure 3.2.4
-Refer to Figure 3.2.4. Theodore's budget line has changed from A to B. Which of the following explains the change in Theodore's budget line?


A) The price of food and the price of clothing increased.
B) The price of food increased, and the price of clothing decreased.
C) The price of food decreased, and the price of clothing increased.
D) The price of food and the price of clothing decreased.
E) none of the above

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