If units of pizza are plotted on the horizontal axis, and units of hot dogs plotted on the vertical axis, and the price of a hot dog increases the
A) x-intercept and the slope of the budget line will increase.
B) y-intercept and the slope of the budget line will increase.
C) x-intercept and the slope of the budget line will decrease.
D) y-intercept and the slope of the budget line will decrease.
D
You might also like to view...
Use the above table. At an income of $50
A) real saving is $10. B) real saving is $20. C) real dissaving is $10. D) real dissaving is $50.
The above table shows data from the GDP accounts of Hypothetica. Hypothetica's GDP is ________ billion
A) $270 B) $210 C) $190 D) $160
"To be useful, a model must be completely realistic." Evaluate
What will be an ideal response?
Say’s Law implies that
a. production generates income, which is all spent to purchase what was produced. b. demand creates its own supply. c. markets do not clear. d. demand determines real output.