Asked by
Blake Maxwell
on Oct 27, 2024Verified
(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line.A(n) _____ in the price of clams would rotate the budget line,changing the intercept on the _____ axis and moving it _____ the origin.
A) increase;horizontal;toward
B) decrease;horizontal;toward
C) increase;vertical;toward
D) decrease;vertical;away from
Budget Line
A budget line represents the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.
Price Of Clams
The market rate at which clams are bought or sold.
Horizontal Axis
In a graph or chart, the x-axis, representing the independent variable or baseline measurement criteria.
- Scrutinize the influence of alterations in price levels on fiscal outlines and possibilities for consumption.
Verified Answer
SM
Learning Objectives
- Scrutinize the influence of alterations in price levels on fiscal outlines and possibilities for consumption.