Multiple Choice
Suppose there are two goods (X and Y) .On a traditional graph of a budget line a tripling of all prices and incomes will
A) alter the slope of the budget line only.
B) alter the slope of the budget line as well as the Y-intercept.
C) alter the slope of the budget line as well as the X-intercept.
D) leave the budget line unaltered.
Correct Answer:
Verified
Correct Answer:
Verified
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