Reference: Ref 23-3 (Figure: Budget Constraint) Refer to the figure. If the price of sneakers rises, then the budget constraint in the figure will:
A) not change.
B) become steeper.
C) become flatter.
D) shift to the left.

Name: Reference: Ref 23-3 (Figure: Budget Constraint) Refer to the figure. If the price of sneakers rises, then the budget constraint in the figure will: A) not change. B) become steeper. C) become flatter. D) shift to the left.
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Question

Reference: Ref 23-3 (Figure: Budget Constraint) Refer to the figure. If the price of sneakers rises, then the budget constraint in the figure will:
A) not change. 
B) become steeper. 
C) become flatter. 
D) shift to the left.

Quizplus · Accepted Answer

The Answer is C

Reference: Ref 23-3 (Figure: Budget Constraint) Refer to the Figure