Suppose a Consumer Must Pay $P Per Visit to the Local

question 40

Multiple Choice

Suppose a consumer must pay $P per visit to the local museum for each of the first 5 visits but $2P per visit from the 6^th visit on.With a composite consumption good on the Y-axis and visits to the museum on the X-axis,the budget line:

• A)is vertical after 5 visits.
• B)becomes steeper after 5 visits.
• C)becomes flatter after 5 visits.
• D)shifts outward after 5 visits.

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