Solved

Assume Kerri's Budget Constraint Is Represented in the Graph Shown

Question 73

Multiple Choice

  Assume Kerri's budget constraint is represented in the graph shown. If Kerri's income to spend on these two items increases, her budget constraint will: A) shift out, maintaining the same slope. B) shift out and become steeper. C) shift in, maintaining the same slope. D) shift out and become flatter. Assume Kerri's budget constraint is represented in the graph shown. If Kerri's income to spend on these two items increases, her budget constraint will:


A) shift out, maintaining the same slope.
B) shift out and become steeper.
C) shift in, maintaining the same slope.
D) shift out and become flatter.

Correct Answer:

verifed

Verified

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

Related Questions