ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:BALLGAMES
10
8
6
3
0
0
X
Y
4 5
SYMPHONIES
BC
8
BC
10
Transcribed Image Text:Of the following choices, which could have shifted Kenji's budget constraint from BC₁ to BC2? Check all that apply.
The price of baseball tickets increased while his income and the price of symphony tickets stayed the same.
His income increased while the prices of baseball and symphony tickets stayed the same.
His income decreased while the prices baseball and symphony tickets stayed the same.
The prices of both baseball and symphony tickets increased while his income stayed the same.
Based on Kenji's consumption of ballgames and symphonies after his budget constraint shifted, ballgames are
goods.
are
goods and symphonies
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