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An Increase in Income, Holding Prices Constant, Can Be Represented

Question 118

Multiple Choice

An increase in income, holding prices constant, can be represented as:


A) a change in the slope of the budget line.
B) a parallel outward shift in the budget line.
C) an outward shift in the budget line with its slope becoming flatter.
D) a parallel inward shift in the budget line.

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