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V Ma cc Megan has $50 to spend on refillable water bottles and crackers. This graph shows the budget constraint when the bottles are $7
V Ma cc Megan has $50 to spend on refillable water bottles and crackers. This graph shows the budget constraint when the bottles are $7 each on Monday and the budget constraint when the bottles drop to $5 each on Thursday. Crackers Refillable water bottles Which of the following statements would be true if Megan were to wait and purchase the disposable water bottles on Thursday? a.) The decrease in water bottle price would cause Megan to give up crackers for water bottles. b.) When the water bottle price decreases, Megan's budget constraint shifts to the left. 3:46 (c.) Megan's consumption of water bottles would increase. SOURCE IMAGE OF BUDGET CONSTRAINT GRAP d.) Megan's budget line would make a parallel shift outward to the right. Video Chapters
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