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-If an Individual's Income Increases

Question 105

Multiple Choice

-If an individual's income increases A) the person's indifference curves shift outward in a parallel manner. B) the person's budget line shifts outward in a parallel manner. C) there will be no impact on the individual's budget line or indifference curves. D) None of the above answers is correct.
-If an individual's income increases


A) the person's indifference curves shift outward in a parallel manner.
B) the person's budget line shifts outward in a parallel manner.
C) there will be no impact on the individual's budget line or indifference curves.
D) None of the above answers is correct.

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