Figure 22-2In each case, the budget constraint moves from BC1 to BC2. Graph (a) Graph (b) Graph (c) Graph (d) Refer to Figure 22-2. Which of the graphs in the figure could reflect a simultaneous decrease in the prices of both goods?Group of answer choicesOnly graph (a)Only graph (d)None of the graphs in the figure can reflect this.Graph (b) or graph (c)

Figure 22-3In each case, the budget constraint moves from BC1 to BC2.​Graph (a) Graph (b) Graph (c) Graph (d) Refer to Figure 22-3. Which of the graphs in the figure could reflect an increase in income?Group of answer choicesGraph (d)Graph (b)Graph (a)None of the graphs reflects an increase in  income.

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.

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 breath mints increase while the price of onions and your budget stay the same, what happens to the budgets line?Multiple choice question.The vertical intercept shifts upward, farther from the origin.The horizontal intercept shifts outward, farther from the origin.The vertical intercept shifts downward, closer to the origin.The horizontal intercept shifts inward, closer to the origin.

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

Use the following graph for a competitive market to answer the question below. A decreasing line labeled D intersects two increasing lines labeled S1 (to the right) and S2 (to the left) at points (400, 2.50) and (300, 3.50), respectively. A point lies at S1 where quantity equals 300 and price equals 1.25. Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from S1 to S2. The amount of the tax paid by the seller isMultiple Choice$2.25.$1.25.$1.00.$0.