An increase in the price of one product but not the other:
a) doesn't affect the budget line because income remains constant.
b) shifts the budget line parallel to the right.
c) changes the slope of the budget line.
d) shifts the budget line parallel to the left.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An increase in the price of one product but not the other: a) doesn't affect the budget line because income remains constant. b) shifts the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
As a rule, possible harm to subjects may be justified when the potential benefits of the study outweigh the possible harm.
Answers (1)
Business products refers to a. supplies necessary for the day-to-day operations of a business. b. ancillary services necessary for the operation of a business. c. products organizations buy that assist in providing other products for resale. d.
Answers (1)
Given the following data for the Corky Company:Current liabilities $ 400Long-term debt 480Common stock 600Retained earnings 520Total liabilities & stockholders' equity $2,000How would common stock appear on a common size balance sheet?
Answers (1)
A good or service is said to be scarce when: a. at a price of zero, there will not be enough to satisfy everyone's desire for it. b. it is offered only to high income earners. c. its price is too low. d. it cannot be transported easily. e.
Answers (1)
How does a local water budget differ from the water budget of the whole earth?
Answers (1)
New Questions in Business
Under the mudarabah banking system, when an Islamic bank lends money to a business Multiple Choice it charges that business interest on the loan. the business needs to pay back the loan with an additional markup.
Answers (1)
A company's bonds have a 10-year maturity, a 6% coupon paid semi-annually, and a par value of $1,000. The yield to maturity is quoted as 8% in the financial press. What is the bond's price?
Answers (1)
Buckman Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per equivalent unit for conversion costs is $3.00. The company completed and transferred out is 40,000 units.
Answers (1)
Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis of accounting? A. Paying off loans B. Purchasing inventory on account C. Collecting customer payments D. Borrowing money
Answers (2)
Under ASC 606, the transaction price generally should be adjusted for the effect of the time value of money when A. A royalty contract with a distribution in which the consideration to be received depends on sales to end customers. B.
Answers (1)