Solved

A Budget Line Will Shift Outward and Not Change Its

Question 63

Multiple Choice

A budget line will shift outward and not change its slope if


A) the consumer's preferences change.
B) there is an increase in the consumer's budget.
C) the price of one good changes.
D) the price of both goods increase by the same percentage.
E) None of the above shift the budget line outward.

Correct Answer:

verifed

Verified

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

Related Questions

Q58: Jen consumes 5 DVDs and 2 tacos.

Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above

Q60: Which of the following statements is correct?<br>A)

Q61: When Chris maximises his total utility, then

Q62: At all points on a demand curve,

Q64: A relative price is the<br>A) price of

Q65: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above

Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above

Q67: If the slope of the budget line

Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above