Multiple Choice
A consumer has $100 that she can spend on tables and chairs.If her income increases to $200 and the prices of tables and chairs remains unchanged,her budget constraint will ________.
A) pivot to the left along the vertical axis
B) pivot to the right along the horizontal axis
C) shift to the left
D) shift to the right
Correct Answer:

Verified
Correct Answer:
Verified
Q124: The following figure illustrates the market demand
Q125: When the price of margarine is $2
Q126: Which of the following statements best describes
Q127: Define the following terms:<br>a)The price elasticity of
Q128: Madeline spends exactly $10 on coffee each
Q130: When a consumer spends a larger share
Q131: The _ measures the change in the
Q132: The following table shows the marginal benefit
Q133: From a firm's point of view,when the
Q134: A budget constraint is a straight line