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:

Connective

A symbol or word used in logic to connect propositions or sentences, such as "and", "or", "if...then".

Symbolic Form

The representation of logical propositions using symbolic notation to express logical relationships.

Components

The constituent parts or elements that make up a larger system or compound.

Connective

In logic, a word or phrase that connects propositions in a compound sentence or indicates the relationship between them, such as "and", "or", "if...then".