Increases in the Price of the Good Measured on the Horizontal

question 247

Multiple Choice

Increases in the price of the good measured on the horizontal axis will make the horizontal intercept ________ and make the budget line _.

• A)larger in value; steeper
• B)larger in value; flatter
• C)smaller in value;
• D)steeper smaller in value; flatter

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Definitions:

Transportation Problem

A logistical issue involving the optimal distribution of goods or services from several sources to several destinations.

Routes Filled

The successful assignment or completion of pathways or delivery channels according to plan or schedule.

Dummy Sources

Artificial shipping source points created when total demand is greater than total supply to effect a supply equal to the excess of demand over supply.

Transportation Problem

A logistical dilemma involving the determination of the most cost-efficient routing of goods from several supply points to various demand locations.