-In the above figure, Mark's monthly budget line for movies and plays changed, as shown by the arrow. The change was caused by
A) an increase in Mark's income.
B) a fall in the price of a play.
C) a rise in the price of a play.
D) a decrease in Mark's income.
Correct Answer:
Verified
Q123: If two consumption points are not on
Q124: Q125: When the consumer is at his or Q126: If an individual's income increases, Q127: Preferences depend on Q129: Larry spends all his $800 monthly income Q130: A budget line shows the Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) the person's
A) relative prices but not
A) consumption possibilities