Suppose There Are Two Goods (X and Y)

question 24

Multiple Choice

Suppose there are two goods (X and Y) .On a traditional graph of a budget line a tripling of all prices and incomes will

• A)alter the slope of the budget line only.
• B)alter the slope of the budget line as well as the Y-intercept.
• C)alter the slope of the budget line as well as the X-intercept.
• D)leave the budget line unaltered.