(Figure: Quarts of Milk and Jars of Honey) A shift in the budget line in the figure from 1 to 3 is caused by a(n) 
A) increase in the price of honey.
B) decrease in the price of honey.
C) increase in the price of milk.
D) decrease in the price of milk.
Correct Answer:
Verified
Q19: (Figure: Movie Tickets and Gasoline) How many
Q20: (Figure: Movie Tickets and Gasoline) If the
Q21: (Figure: Movie Tickets and Gasoline) Based on
Q22: (Figure: Quarts of Milk and Jars of
Q23: (Figure: Quarts of Milk and Jars of
Q25: When income decreases, the budget line
A) rotates
Q26: When income increases, the budget line
A) rotates
Q27: Moving along the budget line
A) total utility
Q28: Which event would cause the budget line
Q29: Hannah has $30 to spend on chips
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