Assume Initially That the Price of X (Measured on the Horizontal

question 9

Multiple Choice

Assume initially that the price of X (measured on the horizontal axis) is $9 and the price of Y (measured on the vertical axis) is $4.If the price of X now declines to $6,the budget line will:

• A) be unaffected.
• B) shift outward on the vertical axis.
• C) shift inward on the horizontal axis.
• D) shift outward on the horizontal axis.