Sue consumes apples and bananas. Suppose Sue's income doubles and the prices of apples and bananas do not change. Sue's budget line will
A) shift leftward and its slope will not change.
B) remain unchanged.
C) shift rightward and its slope will not change.
D) shift rightward and become steeper.
Correct Answer:
Verified
Q169: Consumers' preferences are represented by
A) budget lines.
B)
Q170: Q171: Preferences depend on Q172: Q173: The budget line can shift or rotate Q175: Which of the following statements is FALSE? Q176: Preferences can be described as Q177: An indifference curve shows combinations of goods Q178: Q179: 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![]()
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