Marge also buys pizza for $10 and Pepsi for $2. She has income of $200. Her budget

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Marge also buys pizza for $10 and Pepsi for $2. She has income of $200. Her budget constraint will experience a parallel outward shift if

a. the price of pizza falls to $5, the price of Pepsi falls to $1, and her income falls to $100.

b. the price of pizza rises to $20, the price of Pepsi rises to $4, and her income remains the same.

c. the price of pizza falls to $8, the price of Pepsi falls to $1, and her income rises to $240.

d. the price of pizza rises to $20, the price of Pepsi rises to $4, and her income rises to $500

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:00 PM

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Marge also buys pizza for $10 and Pepsi for $2. She has income of $200. Her budget

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Principles Of Microeconomics

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