menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Economics and Business Strategy Study Set 1
  4. Exam
    Exam 4: The Theory of Individual Behavior
  5. Question
    If a Consumer's Income Decreases,what Will Happen to the Budget
Solved

If a Consumer's Income Decreases,what Will Happen to the Budget

Question 85

Question 85

Multiple Choice

If a consumer's income decreases,what will happen to the budget line?


A) It will shift outward.
B) It will become steeper.
C) It will become flatter.
D) It will shift inward.

Correct Answer:

verifed

Verified

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

Related Questions

Q80: Joe prefers a three-pack of soda to

Q81: What is the maximum amount of good

Q82: If an increase in the price of

Q83: At any point on an indifference curve,the

Q84: If widgets and gidgets are complements and

Q86: If income increases,then the:<br>A) budget line rotates

Q87: Airlines give away millions of tickets each

Q88: A price increase causes a consumer's "real"

Q89: While at a discount shoe store,a customer

Q90: If the price of good X increases,what

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