Emilio buys pizza for $10 and soda for $2. He has ...
Emilio buys pizza for $10 and soda for $2. He has income of $100. His budget constraint will experience a parallel outward shift if which of the following events occur? a. The price of pizza falls to $5, the price of soda falls to $1, and his income falls to $50. b. The price of pizza rises to $20, the price of soda rises to $4, and his income remains the same. c. The price of pizza falls to $8, the price of soda falls to $1, and his income rises to $120. d.The price of pizza rises to $20, the price of soda rises to $4, and his income rises to $400.