Figure: Budget Lines for Tea and Scones
(Figure: Budget Lines for Tea and Scones) Look at the figure Budget Lines for Tea and Scones.For months
now, Agnes has had $20 per month to spend on tea and scones.The price of each cup of tea and each scone has been $1.Which of the charts in the figure shows what will happen to her budget line if the price of a cup of tea falls to $0.50?
A.Chart A
B.Chart B
C.Chart C
D.Chart D
Correct Answer:
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