Solved

If the Consumer's Income and All Prices Simultaneously Double, Then

Question 178

Multiple Choice

If the consumer's income and all prices simultaneously double, then the optimum consumption bundle will


A) shift outward relative to the original optimum.
B) move leftward along the original budget constraint.
C) not change.
D) shift inward relative to the original optimum.

Correct Answer:

verifed

Verified

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

Related Questions