menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 45
  4. Exam
    Exam 7: Utility Maximization
  5. Question
    A Change in the Slope of a Budget Line Is
Solved

A Change in the Slope of a Budget Line Is

Question 25

Question 25

Multiple Choice

A change in the slope of a budget line is solely the result of a change in


A) consumer preferences.
B) the price of one good relative to the other.
C) money income.
D) the slope of the indifference curve that is tangent to the budget line.

Correct Answer:

verifed

Verified

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

Related Questions

Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Given the indifference

Q21: The price of diamonds is substantially greater

Q22: A consumer is making purchases of products

Q23: From the viewpoint of potential criminals, the

Q24: Indifference analysis assumes that utility is numerically

Q26: The income of a consumer is $40,

Q27: An indifference curve shows<br>A)the maximum combinations of

Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the

Q29: A consumer currently spends a given budget

Q30: What happens to the budget line when

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines