Multiple Choice
Assume the graph shown represents Kerri's budget constraint.If Kerri's income to spend on these two items increased,which of the following would be true?
A) Kerri's budget constraint would shift out, maintaining the same slope.
B) Kerri's budget constraint would shift out, and get steeper.
C) Kerri's budget constraint would shift in, maintaining the same slope.
D) Kerri's budget constraint would shift out, and get flatter.
Correct Answer:
Verified
Correct Answer:
Verified
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