Martha consumes cake and muffins.Suppose Martha's income doubles and the prices of cake and muffins also double.Martha's budget line
A) shifts leftward but the slope does not change.
B) remains unchanged.
C) shifts rightward but the slope does not change.
D) shifts rightward and becomes steeper.
E) shifts rightward and becomes flatter.
Correct Answer:
Verified
Q14: The budget line depends on
A)income only.
B)prices only.
C)income
Q15: If income increases,the budget line
A)becomes steeper.
B)becomes flatter.
C)shifts
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Q17: Marie-Louise has an income of $10 to
Q18: David has an income of $60 to
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Q21: Bill consumes apples and bananas.Apples are measured
Q22: Larry consumes only beer (B)and chips (C).The
Q23: Which one of the following statements about
Q24: Which of the following is not relevant
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