Figure 10-9

-Refer to Figure 10-9.The change in the budget constraint from BC₁ to BC₂ implies
A)the prices of DVDs and CDs have increased.
B)income and the prices of DVDs and CDs have increased.
C)the price of DVDs has increased and the price of CDs has decreased.
D)the price of DVDs has decreased and the price of CDs has increased.

Question

Figure 10-9
 
-Refer to Figure 10-9.The change in the budget constraint from BC₁ to BC₂ implies
A)the prices of DVDs and CDs have increased. 
B)income and the prices of DVDs and CDs have increased. 
C)the price of DVDs has increased and the price of CDs has decreased. 
D)the price of DVDs has decreased and the price of CDs has increased.

Quizplus · Accepted Answer

The Answer of Figure 10-9
 
-Refer to Figure 10-9.The change in the budget constraint from BC₁ to BC₂ implies
A)the prices of DVDs and CDs have increased. 
B)income and the prices of DVDs and CDs have increased. 
C)the price of DVDs has increased and the price of CDs has decreased. 
D)the price of DVDs has decreased and the price of CDs has increased.

Figure 10-9 -Refer to Figure 10-9.The Change in the Budget Constraint from the Budget