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Assum that the qualit is measured on the horizontal axis, while

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Assum that the qualit is measured on the horizontal axis, while the quality of movie tickets is measure o the vertical axis. If available icome decrease, then the new budget line:
a. will have smaller horizontal intercept, while keeping the same vertical intercept.
b. will have a smaller vertical intercept, while keeping the sme horizontal intercept.
c. will have a smaller vertical and horizontal intercept.
d. will have a bigger vertical and horizontal intercept.
Submitted: 4 years ago.
Category: Homework
Expert:  Neo replied 4 years ago.
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Please let me know the title, edition and name of the authors of the book you are using.

Customer: replied 4 years ago.
Assume that the quantity of CDs is measured on the horizontal axis, while the quantity of movie tickets is measured on the vertical axis. If available income decreases, then the new budget line:
a. will have smaller horizontal intercept, while keeping the same vertical intercept.
b. will have a smaller vertical intercept, while keeping the same horizontal intercept.
c. will have a smaller vertical and horizontal intercept.
d. will have a bigger vertical and horizontal intercept.

I made corrections to the mistakes i the spelling so I hope that it help.

Managerial Economics and Organizational Architecture

Brickley, Smith, Zimmerman

Expert:  Neo replied 4 years ago.
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