If the relative price (MRT) of T were to increase, then the price line would:
Options:
a. shift out in a parallel fashion. b. shift in a parallel fashion. c. become steeper. d. become flatter. |
The Correct Answer Is:
- d. become flatter.
Options:
a. shift out in a parallel fashion. b. shift in a parallel fashion. c. become steeper. d. become flatter. |