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What Does It Mean When a Budget Constraint Shifts Outward

Question 87

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What does it mean when a budget constraint shifts outward A)The outward shift could only have been caused by an increase in income. B)The budget constraint would move closer to the origin. C)The outward shift could only have been caused by an increase in the price of one of the goods. D)The consumer can reach a higher indifference curve.

What does it mean when a budget constraint shifts outward


A) The outward shift could only have been caused by an increase in income.
B) The budget constraint would move closer to the origin.
C) The outward shift could only have been caused by an increase in the price of one of the goods.
D) The consumer can reach a higher indifference curve.

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