menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 22: The Theory of Consumer Choice
  5. Question
    When Income Increases, a Budget Constraint Will
Solved

When Income Increases, a Budget Constraint Will

Question 66

Question 66

Multiple Choice

When income increases, a budget constraint will:


A) shift inward, parallel to its initial position
B) shift outward, parallel to its initial position
C) pivot outward around the Y-axis
D) pivot outward around the X-axis

Correct Answer:

verifed

Verified

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

Related Questions

Q12: When a consumer experiences a change in

Q55: When economists describe preferences, they sometimes use

Q64: Graph 22-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8324/.jpg" alt="Graph 22-7

Q65: Graph 22-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8324/.jpg" alt="Graph 22-8

Q70: Indifference curves can be used to rank

Q105: If a good is a perfect substitute,

Q112: Indifference curves can:<br>A)cross, but only if one

Q129: The indifference curves of perfect compliments are:<br>A)straight

Q136: A consumer:<br>A)prefers higher indifference curves to lower

Q149: The theory of consumer choice has limited

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