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If a Person's Income Falls, His or Her Budget Constraint

Question 9

Multiple Choice

If a person's income falls, his or her budget constraint moves


A) inward toward the origin, and its slope changes.
B) outward away from the origin, and its slope remains the same.
C) inward toward the origin, and its slope remains the same.
D) outward away from the origin, and its slope changes.

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