Management Notes

Reference Notes for Management

If the relative price (MRT) of T were to increase, then the price line would:

If the relative price (MRT) of T were to increase, then the price line would

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.

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