Use the following to answer questions:
Figure: Budget Constraint
-(Figure: Budget Constraint) Refer to the figure. If the price of sneakers rises, then the budget constraint in the figure will:
A) not change.
B) become steeper.
C) become flatter.
D) shift to the left.

Question

Use the following to answer questions:
Figure: Budget Constraint 
-(Figure: Budget Constraint) Refer to the figure. If the price of sneakers rises, then the budget constraint in the figure will:
A) not change. 
B) become steeper. 
C) become flatter. 
D) shift to the left.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
Figure: Budget Constraint 
-(Figure: Budget Constraint) Refer to the figure. If the price of sneakers rises, then the budget constraint in the figure will:
A) not change. 
B) become steeper. 
C) become flatter. 
D) shift to the left.

Use the Following to Answer Questions