Assume the Price of Product Y (The Quantity of Which

question 152

Multiple Choice

Assume the price of product Y (the quantity of which is plotted on the vertical axis) is initially $15 and the price of X (the quantity of which is plotted on the horizontal axis) is initially $3. Assume money income is initially $60. If the prices of Y and X now increase to $30 and $6, respectively, and money income increases to $120, then the budget line will

• A)shift rightward and become steeper.
• B)shift rightward and become flatter.
• C)shift rightward, but its slope will not change.
• D)be unchanged.