An increase in the price of the good measured on the horizontal axis causes:

A. The budget line to get steeper

B. The budget line to shift parallel to the right

C. The indifference curve to shift up

D. The budget line to get flatter

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Perfect competition implies:
  2. In cournot model, at equuilibrium when MC = MR, the elasticity of demand is:
  3. According to Chamberline, in monopolistic competition, differentiation is determined by:
  4. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  5. According to Robbins, economics is a:
  6. If, at the prevailing price, more of a good is desired than is available for sale:
  7. Which of the following formula determine the income elasticity of demand?:
  8. The firm producing at the minimum point of the AC curve is said to be:
  9. The Input-Output Analysis was originated by:
  10. In monopolistic competition, the firms follow:
  11. The number of firms in monopolistic competition normally range between:
  12. A monopolist is:
  13. The short-run periods in monopolistic competition are:
  14. An indifference curve slopes down towards right since more of one commodity and less of another result…
  15. Change in quantity demanded (expansion and contraction of demand) is:
  16. The short-run supply curve of the perfectly competitive firm is given by:
  17. In joint-profit maximization cartel, the distribution of profit is:
  18. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  19. The low cost price leader will charge:
  20. The sufficient condition of firms equilibrium requires:
  21. Under competitive conditions, the industry will be in equilibrium:
  22. Who wrote A Contribution to the Theory of Trade Cycle?
  23. Who first used the term Quasi-Rent?
  24. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  25. Which of the following is not a feature of isoproduct curves?
  26. The difference between laws of return and laws of return to scale is:
  27. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  28. Economic laws are:
  29. Price-taker firms:
  30. The production function can convey to a firm: