Refer to the figure above. If the relative price of T were to increase, then the price line would
A. shift out in a parallel fashion.
B. shift in a parallel fashion.
C. become steeper.
D. become flatter.
Answer:D
Refer to the figure above. If the relative price of T were to increase, then the price line would
A. shift out in a parallel fashion. B. shift in a parallel fashion. C. become steeper. D. become flatter.