Which event would cause the budget line to shift outward?
A) increase in income
B) decrease in income
C) increase in the price of one of the goods
D) decrease in the price of one of the goods

Question

Quizplus · Accepted Answer

An increase in income allows a consumer to afford more goods and services, effectively shifting the budget line outward, representing an increase in purchasing power.

Which Event Would Cause the Budget Line to Shift Outward