Suppose you have $10 to buy either onions or breath mints. Onions cost $0.50 each, and breath mints cost $1.00. On a graph, onions are on the y-axis and breath mints are on the x-axis. If the price of onions increases while the price of breath mints and your budget stay the same, what happens to the budget line?Multiple choice question.The vertical intercept shifts upward, farther from the origin.The vertical intercept shifts downward, closer to the origin.The horizontal intercept shifts inward, closer to the origin.The horizontal intercept shifts outward, farther from the origin.

When consumer income decreases but the price of each good does not change what happens to the budget line?Multiple choice question.The budget line shifts left.The budget line rotates along the x-axis.The budget line shifts right.The budget line rotates along the y-axis.

Suppose the price ofA is $20 and the price ofB is $10 and that goodA is plotted on the horizontal axis.If the price ofA doubles and the price ofB triples, leaving the consumer’s income unchanged, the budgetlineA) will become steeper.B) will become flatter.C) will shift in toward the origin.D) will shift out from the origin

Consider a diagrammatic representation of a budget set that consists of affordable bundles of non-negative amounts of each of two commodities. Suppose that the quantity of commodity one is represented on the horizontal axis of the diagram and the quantity of commodity two is represented on the vertical axis of the diagram. If the price of commodity two falls, then \cdots. Question 6Select one: a. the budget line steepens. b. the consumer will be able to obtain more of commodity one for less of commodity two. c. the intercept of the budget line with the horizontal axis will shift to the left. d. the consumer's budget set will shrink. e. Both option (a) and option (b) are correct.

What happens to a line when the y-intercept is changed? Check all that apply.A.As the y-intercept increases, the graph of the line gets steeper.B.As the y-intercept increases, the graph of the line shifts up.C.As the y-intercept decreases, the graph of the line shifts left.D.As the y-intercept decreases, the graph of the line shifts down.E.As the y-intercept increases, the graph of the line shifts right.

Examining the budget constraint for a household with clothing on the vertical axis and food on the horizontal axis, the vertical intercept of the budget line represents:Multiple choice question.the price of food.the quantity of clothing purchased if all income is spent on clothing.the quantity of food purchased if all income is spent on food.the price of clothing.