Refer to the information provided in Figure 6.4 below to answer the question(s) that follow. Figure 6.4
-Refer to Figure 6.4. Bill's budget constraint is AC. His budget constraint would shift to AB if the price of
A) black beans increased.
B) black beans decreased.
C) bell peppers increased.
D) bell peppers decreased.

Question

Refer to the information provided in Figure 6.4 below to answer the question(s) that follow.  Figure 6.4
-Refer to Figure 6.4. Bill's budget constraint is AC. His budget constraint would shift to AB if the price of
A) black beans increased. 
B) black beans decreased. 
C) bell peppers increased. 
D) bell peppers decreased.

Quizplus · Accepted Answer

The price of black beans is on the vertical axis, so if the price of black beans increased, the budget constraint would shift up, from AC to AB.

Refer to the Information Provided in Figure 6