CHAPTER 2 Budget Co nstraint Rcet istant dIfc lit etR( ases 5o DEnliafinrce so ISa 2s, In m, thep i ec CSh, th ep T ea, gccdy w CS2. ading ew CS60 iy fcr 2, t ep Ti;ecz w gsir. fh ep eG, addy wls&, aIcR ew(S60. onaggch wIth h Caiaaisado the there b cot reis (a)fatter than the old one and lies below it (b) Hatter than the old one and lies above it (c) steeper than the old one and lies below it (d steeper than the old one and lies above it one Toi. Rdt tastant R6s635 Cnetaiset d If Sh es arc'sh eratigeb acgt v afssac mnrcdaz, @ctsad1o cherries Shecandojat (0Cd9c团hepd(的 c afs Wh ctisth epT e@ ch ein6S ncert? (e) None of the aboveCHAPTER 2 Budget Constraint 6 Topic: Budget Constraint Diculty: 1 % Correct Responses: 50 Discrimination Index: 50 Correct Answer: C 2.8 In year 1, the price of good x was 4, the price of good y was 2, and income was 60. In year 2, the price of x was 17, the price of good y was 8, and income was 60. On a graph with x on the horizontal axis and y on the vertical, the new budget line is: (a) atter than the old one and lies below it. (b) atter than the old one and lies above it. (c) steeper than the old one and lies below it. (d) steeper than the old one and lies above it. (e) none of the above. Topic: Budget Constraint Diculty: 1 % Correct Responses: 35 Discrimination Index: 8 Correct Answer: D 2.9 If she spends her entire budget, Vanessa can aord 47 apricots and 10 cherries. She can also just aord 20 apricots and 19 cherries. The price of apricots is 18 cents. What is the price of cherries in cents? (a) 64 (b) 3 (c) 21 (d) 54 (e) None of the above