Solved

If a Consumer's Income Rises

Question 95

Multiple Choice

If a consumer's income rises,


A) her indifference curves shift inward
B) her indifference curves shift outward
C) her budget line shifts outward
D) her budget line shifts inward
E) the slope of her budget line increases

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q90: A candy bar sells for 50 cents,

Q91: Although some of the statements below are

Q92: What would happen to the budget line

Q93: Exhibit 6-25 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-25

Q94: This morning, Yoriko Dazai learned that the

Q96: Exhibit 6-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-23

Q97: If the price of apples falls, the

Q98: If a good is inferior, an increase

Q99: Economists assume that, within a given budget,

Q100: A consumer allocates income between clams and