As an individual consumer's income increases, that consumer's
A)budget line shifts to the left.
B)indifference curve shifts to the right.
C)budget line shifts to the right.
D)indifference curve shifts to the left.
E)budget line remains unchanged.

Question

Quizplus · Accepted Answer

When an individual consumer's income increases, their budget line shifts to the right, allowing them to afford more goods and services. This means they can either consume more of the same goods and services or they can choose to consume different goods and services altogether. Therefore, option C is the correct choice.

As an Individual Consumer's Income Increases, That Consumer's