Refer to the diagram. Cheri's budget line shifts inward from CD to AB. Which statement below is consistent with this shift?
A)Both prices double, while her income also doubles.
B)Both prices increase by 20 percent, while her income increases by 25 percent.
C)Both prices decrease by 10 percent, while her income falls by 15 percent.
D)Both prices decrease by 10 percent, while her income falls by 6 percent.

Question

Refer to the diagram. Cheri's budget line shifts inward from CD to AB. Which statement below is consistent with this shift?
A)Both prices double, while her income also doubles. 
B)Both prices increase by 20 percent, while her income increases by 25 percent. 
C)Both prices decrease by 10 percent, while her income falls by 15 percent. 
D)Both prices decrease by 10 percent, while her income falls by 6 percent.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. Cheri's budget line shifts inward from CD to AB. Which statement below is consistent with this shift?
A)Both prices double, while her income also doubles. 
B)Both prices increase by 20 percent, while her income increases by 25 percent. 
C)Both prices decrease by 10 percent, while her income falls by 15 percent. 
D)Both prices decrease by 10 percent, while her income falls by 6 percent.

Refer to the Diagram