f the budget line rotates from blue to red: Good A 200A, 08 (100A, O8) (DA, SO Good O The monetary price of B is rising. O The monetary price of B is falling. O The monetary price of A is rising. - The monetary price of A is falling

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If the budget line rotates from blue to red:
Good A
1200A, OBI
(100A, OB)
Bligertneone -S0. F-SL S2
(0A, SO8)
Good B
O The monetary price of B is rising.
O The monetary price of B is falling.
The monetary price of A is rising.
O The monetary price of A is falling.
The relative price of A is rising.
The relative price of A is falling.
The relative price of B is rising.
O The relative price of B has fallen.
Transcribed Image Text:If the budget line rotates from blue to red: Good A 1200A, OBI (100A, OB) Bligertneone -S0. F-SL S2 (0A, SO8) Good B O The monetary price of B is rising. O The monetary price of B is falling. The monetary price of A is rising. O The monetary price of A is falling. The relative price of A is rising. The relative price of A is falling. The relative price of B is rising. O The relative price of B has fallen.
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