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Figure 10-9 -Refer to Figure 10-9.The Change in the Budget Constraint from Budget

Question 295

Multiple Choice

Figure 10-9 Figure 10-9 -Refer to Figure 10-9.The change in the budget constraint from BC<sub>1</sub> to BC<sub>2</sub> implies A) the prices of DVDs and CDs have increased. B) income and the prices of DVDs and CDs have increased. C) the price of DVDs has increased and the price of CDs has decreased. D) the price of DVDs has decreased and the price of CDs has increased.
-Refer to Figure 10-9.The change in the budget constraint from BC₁ to BC₂ implies

A) the prices of DVDs and CDs have increased.
B) income and the prices of DVDs and CDs have increased.
C) the price of DVDs has increased and the price of CDs has decreased.
D) the price of DVDs has decreased and the price of CDs has increased.

Correct Answer: