Refer to the information provided in Figure 6.7 below to answer the question(s) that follow. Figure 6.7
-Refer to Figure 6.7. Along budget constraint AB, the price of good X is $10 and the price of good Y is $12. If the price of X increases to $15, the budget constraint will
A) pivot in at point B.
B) pivot out at point A.
C) shift in parallel to AB.
D) pivot in at point A.

Question

Refer to the information provided in Figure 6.7 below to answer the question(s) that follow.  Figure 6.7
-Refer to Figure 6.7. Along budget constraint AB, the price of good X is $10 and the price of good Y is $12. If the price of X increases to $15, the budget constraint will
A) pivot in at point B. 
B) pivot out at point A. 
C) shift in parallel to AB. 
D) pivot in at point A.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 6.7 below to answer the question(s) that follow.  Figure 6.7
-Refer to Figure 6.7. Along budget constraint AB, the price of good X is $10 and the price of good Y is $12. If the price of X increases to $15, the budget constraint will
A) pivot in at point B. 
B) pivot out at point A. 
C) shift in parallel to AB. 
D) pivot in at point A.

Refer to the Information Provided in Figure 6