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.

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Definitions:

Additional Education

Further learning or training undertaken after completing a formal education, often to gain new skills or knowledge.

Different Department

generally refers to a separate division within an organization, institution, or government that has distinct roles, responsibilities, or areas of focus from others.

Married

The legal or formally recognized union of two people as partners in a personal relationship, typically as spouses.

Children

In legal contexts, refers to individuals who are under the age of majority, often considered as 18 years, and subject to special protections under the law.