Log in
Economics
9
answers
0
watching
137
views

An increase in money income

A) increases the slope of the budget line.

B) has no effect on the budget line.

C) shifts the consumer's budget line to the left.

D) shifts the consumer's budget line to the right.

Watch
9
answers
0
watching
137
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Joshua Stredder
Joshua StredderLv10
31 Mar 2021
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

35) A consumer's best affordable point occurs A) outside the budget line. B) on the budget line. C) at a corner on the budget line, with only one good consumed. D) at a point that cannot be determined. E) inside the budget line.

Any combination of goods lying outside of the budget line:

A. implies that the consumer is not spending all his income.

B. yields less utility than any point on the budget line.

C. yields less utility than any point inside the budget line.

D. is unattainable, given the consumer's income.

8) If the price of the good measured on the vertical axis increases, the budget line A) becomes flatter. B) becomes steeper. C) shifto rightward and parallel to the original budget line. D) shifts leftward and becomes steeper. E) shifts leftward and parallel to the original budget line.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in