Answer to Question #53245 in Macroeconomics for EMMA

Question #53245
If the price of the good represented on the Y axis increases by 15 percent, that represented on the X axis increases by 5 percent and nominal income increases by 10 percent. A The budget constraint will shift inward and become flatter B The budget constraint will shift inwards and become steeper C The budget constraint will rotate and become flatter D The budget constraint will rotate and become steeper
1
Expert's answer
2015-07-13T00:00:42-0400
D The budget constraint will rotate and become steeper

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