If the price ratio changes (Px/Py) due to a decrease in the price of X while income
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If the price ratio changes (Px/Py) due to a decrease in the price of X while income remains constant, the vertical intercept (Y) of the budget line ____________ and the horizontal intercept (X) rotates (pivots) ____________. a. remains the same; out b. remains the same; in c. moves up; out d. moves down; in
Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
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