An increase in the price of the good measured on the vertical axis of a budget line diagram will
A)cause a parallel outward shift of the budget line
B)leave the budget line unchanged
C)cause a parallel inward shift of the budget line
D)make the budget line flatter
E)make the budget line steeper

Question

Quizplus · Accepted Answer

The Answer of An increase in the price of the good measured on the vertical axis of a budget line diagram will
A)cause a parallel outward shift of the budget line
B)leave the budget line unchanged
C)cause a parallel inward shift of the budget line
D)make the budget line flatter
E)make the budget line steeper

An Increase in the Price of the Good Measured on the Vertical