Home / Expert Answers / Economics / 8-normal-and-inferior-goods-yvette-likes-going-to-the-ballpark-to-watch-baseball-and-she-also-is-pa754

(Solved): 8. Normal and inferior goods Yvette likes going to the ballpark to watch baseball, and she also is ...




8. Normal and inferior goods
Yvette likes going to the ballpark to watch baseball, and she also is fond of going to the theat
BALLGAMES
Of the following choices, which could have shifted Yvettes budget constraint from \( R C_{1} \) to \( B C_{2} ? C_{e c k} \)
8. Normal and inferior goods Yvette likes going to the ballpark to watch baseball, and she also is fond of going to the theater to listen to the symphony orchestra. The following diagram shows two of Yvette's indifference curves for going to balligames and symphonies, With Yvette's initial budget constraint (BC 1 ), she chose to \( g o \) to five symphonies and three baseball games per month (point \( X \) ). Then her budget constraint shifted to \( B C_{2} \), and she chose to go to four symphonies and six ballgames per month (point Y). BALLGAMES Of the following choices, which could have shifted Yvette's budget constraint from \( R C_{1} \) to \( B C_{2} ? C_{e c k} \) an that apply. The price of basebalf tickets increased while her income and the price of symphomy tickets stayed the same. Her income increased while the prices of basebali and symphony tickets stayed the same. The prices of both baseball and symphony tickets decreased while her income stayed the same. The prices of both baseball and symphony tickets increased while her income stayed the same. Based on Yvette's consumption of ballgames and symphonies after her budget constraint shifted, ballgames are are goods. goods and symphoni


We have an Answer from Expert

View Expert Answer

Expert Answer


Of the following choices, which could have shifted Yvette's budget constraint from BC1 to BC2? Check all that apply. Answer : Her income increased whi
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe