Figure 10-10 -Refer to Figure 10-10.The Change in the Budget Constraint from the Budget

question 84

Multiple Choice

Figure 10-10

-Refer to Figure 10-10.The change in the budget constraint from BC₁ to BC₂ implies

• A)the prices of DVDs and CDs have increased.
• B)income and the prices of DVDs and CDs have increased.
• C)the price of DVDs has increased and the price of CDs has decreased.
• D)the price of DVDs has decreased and the price of CDs has increased.

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Definitions:

Pew Research

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