Exhibit 10-6 Refer to Exhibit 10-6.Based on the graph,how would the budget constraint change if the price of chicken fingers doubled?
A) The intercept on the vertical axis would move upward and the intercept on the horizontal axis would not change.
B) The intercept on the vertical axis would move downward and the intercept on the horizontal axis would not change.
C) The intercept on the horizontal axis would move outward and the intercept on the vertical axis would not change.
D) The intercept on the horizontal axis would move inward and the intercept on the vertical axis would not change.

Question

Exhibit 10-6  Refer to Exhibit 10-6.Based on the graph,how would the budget constraint change if the price of chicken fingers doubled?
A) The intercept on the vertical axis would move upward and the intercept on the horizontal axis would not change. 
B) The intercept on the vertical axis would move downward and the intercept on the horizontal axis would not change. 
C) The intercept on the horizontal axis would move outward and the intercept on the vertical axis would not change. 
D) The intercept on the horizontal axis would move inward and the intercept on the vertical axis would not change.

Quizplus · Accepted Answer

The Answer of Exhibit 10-6  Refer to Exhibit 10-6.Based on the graph,how would the budget constraint change if the price of chicken fingers doubled?
A) The intercept on the vertical axis would move upward and the intercept on the horizontal axis would not change. 
B) The intercept on the vertical axis would move downward and the intercept on the horizontal axis would not change. 
C) The intercept on the horizontal axis would move outward and the intercept on the vertical axis would not change. 
D) The intercept on the horizontal axis would move inward and the intercept on the vertical axis would not change.