If Electricity Is Measured on the Horizontal Axis,and the Price

question 45

Multiple Choice

If electricity is measured on the horizontal axis,and the price of electricity becomes more expensive beyond 500 kilowatts,we draw:

• A) an indifference curve that becomes flatter at 500 kilowatts.
• B) a budget constraint that is kinked at 500 kilowatts.
• C) a budget constraint that becomes steeper at 500 kilowatts.
• D) an Engle curve that becomes negatively-sloped at 500 kilowatts.

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