Solved

An Increase in a Consumer's Budget

Question 44

Multiple Choice

An increase in a consumer's budget


A) rotates the budget line outward around the point where it intersects the y-axis.
B) shifts the budget line inward and does not change its slope.
C) rotates the budget line outward around the point where it intersects the x-axis.
D) rotates the budget line inward around the point where it intersects the x-axis.
E) shifts the budget line outward and does not change its slope.

Correct Answer:

verifed

Verified

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

Related Questions