Suppose that the price of good x is cut in half, and income doubles, while the price of good y remains constant. If the budget line is drawn with x on the horizontal axis and y on the vertical axis, then the new budget line becomes:
A. Flatter
B. Steeper
C. Shift inward (and remains parallel to the initial budget line).
D. Remain the same

Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution.a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent