Which of the following describes what happens to a consumer's budget line if that consumer's budget increases? The budget line
A) becomes steeper.
B) becomes more horizontal.
C) shifts farther away from the origin of the graph.
D) shifts closer to the origin of the graph.
E) does not change.

Question

Quizplus · Accepted Answer

When a consumer's budget increases, the budget line shifts outward, farther from the origin, indicating that the consumer can now afford more of both goods.

Which of the Following Describes What Happens to a Consumer's