Suppose the Price of a Pizza Is R80, the Price

question 51

Multiple Choice

Suppose the price of a pizza is R80, the price of a milk shake is R20, and the consumer's weekly income is R320. Suppose we have constructed the consumer's budget line with pizzas on the vertical axis and milk shakes on the horizontal axis. Given this information, if the price of a milk shake doubles to R40, then what will happen to the budget line?

• A) It will move so that it intersects the horizontal axis at 16 milk shakes per week.
• B) Its slope rises to -1/2.
• C) It will move so that it intersects the horizontal axis at 8 milk shakes per week.
• D) It will shift inward but remain parallel to its original position.

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Definitions:

Law Enforcement Homicides

Instances where law enforcement officers cause the death of a person while performing their duty.

Bureau of Justice Statistics

A U.S. government agency responsible for collecting, analyzing, and publishing data on crime, criminal offenders, victims of crime, and the operation of justice systems at all levels of government.

Officer Involved Shootings

Incidents where law enforcement officers use their firearms to shoot or fatally wound a person.

Bystanders

Individuals who are present at an event or incident but do not take part in it.