Introduction to Economics 1 Deneme Sınavı Sorusu #1225195
Assume two goods, X and Y. X on the horizontal axis and Y on the vertical axis,respectively. What would happen to the budget constraint if there is an increase in Px while income and Py remain constant?
X
Budget constraint will get steeper |
Budget constraint will get flatter |
Budget constraint will remain the same |
Budget constraint will parallely shift outwards. |
Budget constraint will parallely shift inwards. |
With the assumption that income and Py remain constant, an inrease in Px from 1$ to 2$ increases the absoluate value of the slope of the budget line—leading to an inward tilt or
getting steepe. The answer is A.
Yorumlar
- 0 Yorum