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The Below Indifference Map Shows the Various Combinations of Hours

Question 77

Multiple Choice

The below indifference map shows the various combinations of hours of music and apples that yield different levels of utility.Figure 7.1
The below indifference map shows the various combinations of hours of music and apples that yield different levels of utility.Figure 7.1    -Which of the following will most likely happen when a person's income increases, other things equal? A) The budget line will shift outward B) The budget line will become steeper C) The budget line will become flatter D) The indifference curves will shift outward E) The indifference curves will shift downward
-Which of the following will most likely happen when a person's income increases, other things equal?


A) The budget line will shift outward
B) The budget line will become steeper
C) The budget line will become flatter
D) The indifference curves will shift outward
E) The indifference curves will shift downward

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