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Susan has an income of $36 which she spends on milk and sodas, and the graph below represents her current budget constraint. If her income
Susan has an income of $36 which she spends on milk and sodas, and the graph below represents her current budget constraint. If her income decreases to $18, which of the following is true? [a] The new x-intercept of the budget constraint will be 3, and the new y-intercept will be 2. [b] The slope of the budget constraint will increase. [c] The new x-intercept of the budget constraint will be 2, and the new y-intercept will be 3. [d] One possible new consumption bundle is 2 cases of soda and 2 gallons of milk
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