If the graph shown represents Steph's budget constraint,and the price of hairbands were to increase,the slope of Steph's budget constraint would become:
A) steeper, reflecting the fact that hairbands are now relatively less expensive.
B) flatter, reflecting the fact that hairbands are now relatively more expensive.
C) steeper, reflecting the fact that earrings are now relatively less expensive.
D) flatter, reflecting the fact that earrings are now relatively more expensive.

Question

If the graph shown represents Steph's budget constraint,and the price of hairbands were to increase,the slope of Steph's budget constraint would become:
A) steeper, reflecting the fact that hairbands are now relatively less expensive. 
B) flatter, reflecting the fact that hairbands are now relatively more expensive. 
C) steeper, reflecting the fact that earrings are now relatively less expensive. 
D) flatter, reflecting the fact that earrings are now relatively more expensive.

Quizplus · Accepted Answer

The Answer of  If the graph shown represents Steph's budget constraint,and the price of hairbands were to increase,the slope of Steph's budget constraint would become:
A) steeper, reflecting the fact that hairbands are now relatively less expensive. 
B) flatter, reflecting the fact that hairbands are now relatively more expensive. 
C) steeper, reflecting the fact that earrings are now relatively less expensive. 
D) flatter, reflecting the fact that earrings are now relatively more expensive.

If the Graph Shown Represents Steph's Budget Constraint,and the Price