Question 1 (Mandatory) (1 point) Michael can buy either pizzas or submarine sandwiches. If the prices of pi submarine sandwiches fall by half and so does Michael's money income, w conclude that Michael's budget constraint will shift out but remain parallel to the old one. remain unchanged. swivel in so that the slope of the budget constraint is doubled. shift in but remain parallel to the old one. Question 2 (Mandatory) (1 point) In markets, the elasticity of supply tends to be positive. input labor all O output