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If the Consumer's Income Increases While the Prices of Both

Question 120

Multiple Choice

If the consumer's income increases while the prices of both goods remain unchanged,what will happen to the budget line?


A) The budget line rotates inward from the intercept on the horizontal axis.
B) The budget line rotates outward from the intercept on the vertical axis.
C) The budget line shifts inward without a change in slope.
D) The budget line shifts outward without a change in slope.

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