Multiple Choice
Which of the following will most likely happen when a person's income increases, other things being equal?
A) The budget line will shift outward.
B) The indifference curves will shift downward.
C) The indifference curves will shift outward.
D) The budget line will become steeper.
E) The budget line will become flatter.
Correct Answer:
Verified
Correct Answer:
Verified
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