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:

Cupcakes

Small, individual-sized cakes baked in a cup-shaped mold, often decorated with frosting and other toppings.

Manufacturer's Warranty

A promise by a manufacturer to repair or replace defective products within a certain period of time after purchase.

Microwave Oven

An electric oven that uses microwaves to heat or cook food by causing water molecules in the food to vibrate and produce heat.

Repair

The action of fixing or restoring something that is broken or damaged.