Multiple Choice
-An increase in a consumer's income creates a
A) rightward parallel shift of the budget line.
B) leftward parallel shift of the budget line.
C) rightward rotation of the budget line, so that the budget line becomes steeper.
D) leftward rotation of the budget line, so that the budget line becomes steeper.
Correct Answer:

Verified
Correct Answer:
Verified
Q157: If Bill thinks tacos and turkey sandwiches
Q158: You consume only steak and lobster. Your
Q159: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The above figure
Q160: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Jane spends her
Q161: Jodie has indifference curves for CDs and
Q163: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The figure above
Q164: The effect of a change in price
Q165: The budget line can shift or rotate<br>A)
Q166: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Given the budget
Q167: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The figure above