Suppose That the Prices of Good a and Good B

question 73

Multiple Choice

Suppose that the prices of good A and good B were to suddenly double. If good A is plotted along the horizontal axis,

• A) the budget line will become steeper.
• B) the budget line will become flatter.
• C) the slope of the budget line will not change.
• D) the slope of the budget line will change, but in an indeterminate way.

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Definitions:

1 lb of Water

A measure of mass equivalent to approximately 453.6 grams, often used to reference the weight of water for various scientific and technical calculations.

Btu

British thermal unit, a unit of measure for energy; specifically, the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit.

Cold Material

A term that generally refers to material at a temperature significantly lower than the ambient or desired processing temperature.

Heat Exchanger

A device used to transfer heat between two or more fluids, gases, or solids of different temperatures without mixing them.