Suppose Jill's Consumption Bundle Is Made Up of 2 Goods

question 302

Multiple Choice

Suppose Jill's consumption bundle is made up of 2 goods, apples and bottles of juice. If the price of an apple increases, then Jill's budget line would

• A) not change.
• B) shift towards the origin on the apples axis only.
• C) shift towards the origin on both the apples and bottles of juice axes.
• D) shift away from the origin on the bottles of juice axis only.

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Definitions:

Operations Function

Refers to the area within an organization that is responsible for producing goods or delivering services efficiently and effectively.