Consider a Budget Line Drawn with Apples on the Vertical

Multiple Choice

Consider a budget line drawn with apples on the vertical axis and oranges on the horizontal axis.The consumer's income is $100,the price of apples is $5,and the price of oranges is $10.Suppose the consumer's income falls to $75.00,but the prices of apples and oranges remain unchanged.The change in income produces a:

A) parallel shift inward of the indifference curves.
B) new budget line which is steeper than the original one.
C) parallel shift inward of the budget line.
D) new budget line which is flatter than the original one.