What happens to the budget line when both prices of good A and B go up while income reduces?Question 4Answera.The budget line becomes flatb.The budget line shifts inwardc.The budget line becomes steeperd.The budget line shifts outward

When consumer income decreases but the price of each good does not change what happens to the budget line?Multiple choice question.The budget line shifts left.The budget line rotates along the x-axis.The budget line shifts right.The budget line rotates along the y-axis.

Suppose the price ofA is $20 and the price ofB is $10 and that goodA is plotted on the horizontal axis.If the price ofA doubles and the price ofB triples, leaving the consumer’s income unchanged, the budgetlineA) will become steeper.B) will become flatter.C) will shift in toward the origin.D) will shift out from the origin

Which of the following would NOT cause a rotation of the budget line? A change in the price of one good A change in the consumer's income A change in the price of all goods A change in the quantity of goods available

Originally PX is $120 and PY is $80.True or false: If PX increases by $18 and PY increases by $12, thenew budget line will be shifted inward and parallel to the oldbudget line. Explain.

Based on the above figure, how does a decrease in government spending affect the aggregate expenditure line? a. It shifts the aggregate expenditure line downward. b. It shifts the aggregate expenditure line upward. c. It decreases the slope of the aggregate expenditure line. d. It increases the slope of the aggregate expenditure line.