Johnny consumes only bread and milk.Suppose the quantity of milk is measured along the horizontal axis.If the price of milk rises,his budget constraint will
A)shift outward.
B)shift inward.
C)rotate inward along the horizontal axis.
D)rotate inward along the vertical axis.

Question

Quizplus · Accepted Answer

When the price of milk rises, the amount of milk Johnny can afford decreases if he spends all his money on milk, leading to a rotation of the budget constraint inward along the horizontal axis, which represents the quantity of milk.

Johnny Consumes Only Bread and Milk