If food is measured on the horizontal axis of a budget line diagram,and clothing is measured on the vertical axis,an increase in
A) the price of food will decrease the slope of the budget line
B) the price of food will increase the slope of the budget line
C) income will decrease the slope of the budget line
D) income will increase the slope of the budget line
E) the price of clothing will decrease the slope of the budget line
Correct Answer:
Verified
Q7: If income decreases,there will be a parallel
Q8: A family on a trip budgets $800
Q9: Suppose that Trey spends all of his
Q22: Figure 6-3
Income = $ 200
Price per Ticket
Q23: Q27: Q34: If the price of good X (measured Q36: Economists usually assume that all consumers have Q38: Q40: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents