Assume that the land(lot size) is measured on the horizontal axis and consumption goods(x) on the vertical axis.
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Question

Assume that the land(lot size) is measured on the horizontal axis and consumption goods(x) on the vertical axis.

If the price of consumption goods x increases relative to that of the land, the budget line will:

(a) become flatter

(b) become steeper

(c) shift outward

(d) become steeper or flatter depending on the relationship between prices and income


Explain.

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