if-the-price-of-good-y-increases-while-the-price-of-good-x-remains-constant-what

Question

If the price of good Y increases while the price of good X remains constant, what happens to the budget constraint?

Accepted Answer

The budget constraint pivots inward along the axis of good Y.

Answer

The budget constraint remains unchanged.

Answer

The budget constraint shifts outward.

Answer

The budget constraint pivots outward along the axis of good X.