Solved

If the Slope of the Budget Line Changes, There MUST

Question 3

Multiple Choice

If the slope of the budget line changes, there MUST have been


A) a change in the price of both goods.
B) a change in the price of at least one good.
C) an increase in the consumer's income.
D) a change in the consumer's preferences.
E) None of these could cause a change in the slope of the budget line.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents