If prices of x and y are doubled while the income remains the same, the budget c

ID: 1169325 • Letter: I

Question

If prices of x and y are doubled while the income remains the same, the budget constraint: A. Shifts outward in a parallel fashion B. Shifts inward in a parallel fashion C. Rotates outward about the x- intercept D. Rotates outward about the y- intercept If prices of x and y are doubled while the income remains the same, the budget constraint: A. Shifts outward in a parallel fashion B. Shifts inward in a parallel fashion C. Rotates outward about the x- intercept D. Rotates outward about the y- intercept A. Shifts outward in a parallel fashion B. Shifts inward in a parallel fashion C. Rotates outward about the x- intercept D. Rotates outward about the y- intercept

Explanation / Answer

B. Shifts inward in a parallel fashion

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If prices of x and y are doubled while the income remains the same, the budget c

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