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Question 9 1 point possible (graded) If the price of picture frames increases this will cause the individual's budget constraint to rotate which will result in: O the optimal allocation moving in and consumers allocating more resources to substitute goods. C7 demand for picture frames to shift inward. \"V the quantity demanded of photographs to increase. \"3 the income effect causing consumers to buy more picture frames. Submit You have used 0 of 2 attempts Save Question 10 1 point possible (graded) Opportunity Cost can be seen in which of the following concepts? (select all that apply) T The substitution effect. The link between diminishing marginal utility and price. As price decreases the quantity demanded will increase. T The relationship between Total Utility and Marginal Utility. A decrease in the price of a substitute will lead to an increase in the quantity demanded. Submit You have used 0 of 2 attempts Save