Michael Can Buy Either Pizzas or Submarine Sandwiches

question 3

Multiple Choice

Michael can buy either pizzas or submarine sandwiches. If the prices of pizzas and submarine sandwiches fall by half and so does Michael's money income, we can conclude that Michael's budget constraint will

• A) shift in but remain parallel to the old one.
• B) shift out but remain parallel to the old one.
• C) swivel in so that the slope of the budget constraint is doubled.
• D) remain unchanged.

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