1. Business
  2. Economics
  3. price of candy price of potato budget constraint budget 600...

Question: price of candy price of potato budget constraint budget 600...

Question details

Price of Candy Price of Potato Budget Constraint Budget $6.00 Bars 1.00 Chips $2.00 Number of Bags of Potato Number of Candy Bars 0.5 1.5 2.5 Number of Candy Bars Suppose Sammie has $6.00 to junk out on candy bars and potato chips. Further, assume the price of candy bars increases to $2.00 while the price of potato chips stays the same. How might the graph change with the price change? Select one: a. The line would shift in a parallel way to the left. b. The line would shift in a parallel way to the right. c. The line would shift leftward on the vertical or y axis but stay the same , O O on the horizontal or x axis. d. The line would shift leftward on the horizontal or x axis but stay the same on the vertical or y axis.
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution