Figure 6-3 Income = $ 200

Figure 6-3
Income = $ 200
Price per Ticket = $40
Price per Compact Disk $ 20

-Joe spends all of his money on concert tickets and compact disks.Figure 6-3 shows his budget constraint when his income is $200.The price of a ticket is $40,while the price of a compact disk is $20.What would happen to Joe's budget line if his income increased to $300 and the prices of concert tickets and compact disks each increased by 50 percent?

A) There would be no change in the budget line.
B) His budget line would shift upward by 50 percent.
C) His budget line would shift downward by 50 percent.
D) He could purchase 50 percent more compact disks and the same number of tickets as before.
E) He could purchase 50 percent more tickets and the same number of compact disks as before.