Consider Two Goods,X and Y,where X Is Measured on the Horizontal

question 50

Multiple Choice

Consider two goods,X and Y,where X is measured on the horizontal axis and Y is measured on the vertical axis.All else constant,a decrease in the price of X will cause the consumer's budget constraint to:

• A)rotate in along the X axis
• B)rotate out along the X axis.
• C)shift out parallel to the original budget constraint.
• D)shift in parallel to the original budget constraint.

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