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If a Person's Income and the Prices of Both Goods

Question 148

Multiple Choice

If a person's income and the prices of both goods all rise by the same percentage, then her budget constraint


A) moves inward toward the origin, and its slope remains the same.
B) moves outward away from the origin, and its slope changes.
C) moves outward away from the origin, and its slope remains the same.
D) does not change in any way.

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