Suppose a budget line is drawn with X on the horizontal axis and Y on the vertical axis. A decrease in the price of X will cause A.
Suppose a budget line is drawn with X on the horizontal axis and Y on the vertical axis. A decrease in the price of X will cause
A.an increase in the vertical intercept and no change in the horizontal intercept.
B.a decrease in the vertical intercept and no change in the horizontal intercept.
C.an increase in the horizontal intercept and no change in the vertical intercept.
D.a decrease in the horizontal intercept and no change in the vertical intercept.
E.a parallel, rightward shift of the budget line.
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