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20 Feb 2019
In a two-goods model of consumer behavior, when the prices of both goods double, this will cause
Question 4 options:
a)
an outward parallel shift of the budget curve.
b)
an inward rotation of the budget curve (slope will change).
c)
an inward parallel shift of the budget curve.
d)
no change in the budget curve.
In a two-goods model of consumer behavior, when the prices of both goods double, this will cause
Question 4 options:
| a) |
an outward parallel shift of the budget curve. |
| b) |
an inward rotation of the budget curve (slope will change). |
| c) |
an inward parallel shift of the budget curve. |
| d) |
no change in the budget curve. |
skytermite28Lv1
2 Jun 2021
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