Multiple Choice
An increase in a consumer's budget
A) changes the relative prices of the goods.
B) changes the slope of the budget line.
C) decreases consumption possibilities.
D) increases consumption possibilities.
E) has no effect on the consumer's budget line.
Correct Answer:
Verified
Correct Answer:
Verified
Q176: When a consumer's budget increases,the budget line<br>A)
Q177: Brenda's marginal utility per dollar from the
Q178: As Shaniq drinks additional cups of tea
Q179: Kevin allocates his budget according to rules
Q181: Ricardo likes to rent videos and attend
Q182: Carter spends his entire budget on pizza
Q183: The utility-maximizing rule says that consumers must<br>A)
Q184: Marginal utility per dollar is calculated by
Q185: Timmy makes $100 per week as a
Q444: What does the slope of the budget