If income decreases,the budget constraint will shift in but the slope will remain the same.

Name: If income decreases,the budget constraint will shift in but the slope will remain the same.
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Quizplus · Accepted Answer

When income decreases, the budget constraint will shift inward since there is less income available to spend. However, the slope of the budget constraint remains the same because it is determined by the relative prices of goods and services.

If Income Decreases,the Budget Constraint Will Shift in but the Slope