Suppose you are choosing between milk and cookies. If the opportunity cost of cookies in terms of milk increases, then the budget curve will
A. shift inward
B. rotate outward
C. shift outward
D. rotate inward
Answer: D. rotate inward
Suppose you are choosing between milk and cookies. If the opportunity cost of cookies in terms of milk increases, then the budget curve will
A. shift inward
B. rotate outward
C. shift outward
D. rotate inward
Answer: D. rotate inward