Try another version of this question
Suppose that the original budget constraint is in blue and the consecutive budge constraint is in red.
As a result we can conclude that the
income decreased.
Compare the blue and red curves. Is the red curve to the left of the blue line? Is the red curve to the right of the blue line? Do you only see one line?
Suppose that the original budget constraint is in blue and the consecutive budget constraint is in red.
As a result we can conclude that
the price of scissors has decreased.
If the budget constraint tilts inwards, price of the product on that axis increases. If the budget constraint tilts outwards, price of the product on that axis decreases.
Suppose that the original budget constraint is in blue and the consecutive budget constraint is in red.
As a result we can conclude that
there has been no change in the price for books or avocados.
If the budget constraint tilts inwards, price of the product on that axis increases. If the budget constraint tilts outwards, price of the product on that axis decreases.
Box 1: Select the best answer
Box 2: Select the best answer
Box 3: Select the best answer