6. If Kitty is richer than Jane and both face the same prices for two goods, then Kitty and Jane will have Select one: A. Kitty will have a higher horizontal intercept and a higher vertical intercept than Jane B. The same budget line C. Kitty will have a higher horizontal intercept but the same vertical intercept as Jane D. Jane will have a higher horizontal intercept and a higher vertical intercept than Kitty 7. If your budget line rotates up along the vertical axis but remains unchanged on the horizontal axis, this indicates Select one: A. The price of the good on the vertical axis has decreased B. The price of the good on the vertical axis has increased C. You now have less income D. You now have more income .. . 8.A public good is non-excludable and non-rival. Non-excludable means Select one: A. I can consume the good even if I do not pay for it B. One person's consumption of the good does not reduce the quantity available for another C. One person's consumption of the good reduces the quantity available for another D. I can consume the good only if I pay for it.. . 9. A profit-maximizing firm in a competitive market produces leather wallets. Suppose the market price for leather wallets dropsbelowthe minimum of its average total cost. However, the price still liesabovethe minimum of average variable cost. This means the firm: Select one: A. should raise the price of its product B. will not produce wallets C. will experience losses, but will continue to produce wallets D. should manufacture leather handbags instead