This figure shows a consumer's budget constraint for apples (vertical axis)and oranges (horizontal axis).If the price of oranges increases,how is the budget constraint affected?
A) The budget constraint shifts inward.
B) The budget constraint does not change.
C) The vertical intercept E decreases and the horizontal intercept F remains the same,making the budget constraint flatter.
D) The vertical intercept E is unchanged and the horizontal intercept F decreases,making the budget constraint steeper.

Question

This figure shows a consumer's budget constraint for apples (vertical axis)and oranges (horizontal axis).If the price of oranges increases,how is the budget constraint affected? 
A) The budget constraint shifts inward. 
B) The budget constraint does not change. 
C) The vertical intercept E decreases and the horizontal intercept F remains the same,making the budget constraint flatter. 
D) The vertical intercept E is unchanged and the horizontal intercept F decreases,making the budget constraint steeper.

Quizplus · Accepted Answer

The Answer of This figure shows a consumer's budget constraint for apples (vertical axis)and oranges (horizontal axis).If the price of oranges increases,how is the budget constraint affected? 
A) The budget constraint shifts inward. 
B) The budget constraint does not change. 
C) The vertical intercept E decreases and the horizontal intercept F remains the same,making the budget constraint flatter. 
D) The vertical intercept E is unchanged and the horizontal intercept F decreases,making the budget constraint steeper.

This Figure Shows a Consumer's Budget Constraint for Apples (Vertical