1. AGEC EQ # Feb. 8, 2010
(2 pts)
Quantity of
Sandwiches 15 10 20
Quantity of Sandwiches
1. What caused the budget line to change?
(a) The price of Chick-fil-A sandwiches rose.
(b) The price of Subway sandwiches fell.
(c) The expenditure (budget allotment) on Subway sandwiches and Chick-fil-A sandwiches rose.
(d) The price of Subway sandwiches rose.
(e) The price of Chick-fil-A sandwiches fell.
2. If the expenditure on Chick-fil-A Sandwiches and Subway sandwiches equals $60, what is the price of a Chick-fil-A sandwich?