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Blake Maxwell
on Oct 27, 2024

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(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line.A(n) _____ in the price of clams would rotate the budget line,changing the intercept on the _____ axis and moving it _____ the origin.

A) increase;horizontal;toward
B) decrease;horizontal;toward
C) increase;vertical;toward
D) decrease;vertical;away from

Budget Line

A budget line represents the combination of goods and services that a consumer can purchase given their income and the prices of those goods and services.

Price Of Clams

The market rate at which clams are bought or sold.

Horizontal Axis

In a graph or chart, the x-axis, representing the independent variable or baseline measurement criteria.

  • Scrutinize the influence of alterations in price levels on fiscal outlines and possibilities for consumption.
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Sabry MahmoudNov 01, 2024
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