If a consumer's income decreases,the budget constraint for CDs and DVDs will
A) shift outward, parallel to the original budget constraint.
B) shift inward, parallel to the original budget constraint.
C) rotate outward along the CD axis because we can afford more CDs.
D) rotate outward along the DVD axis because we can afford more DVDs.
Correct Answer:
Verified
Q3: Figure 21-1 Q4: Assume that a college student spends her Q5: Figure 21-1 Q7: The theory of consumer choice provides the Q8: A budget constraint Q9: A consumer that doesn't spend all of Q10: An increase in income will cause a Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)shows the prices that a