A cash gift causes the budget line to:
A) shift to the right in a parallel fashion.
B) shift to the left in a parallel fashion.
C) rotate clockwise.
D) None of the preceding statements is correct.
Correct Answer:
Verified
Q69: At the equilibrium consumption bundle,which of the
Q70: If income increases,the budget line:
A) shifts to
Q71: PXX + PYY = M is called:
A)
Q72: The budget set defines the combinations of
Q73: The slope of the budget line represents:
A)
Q75: If the price of computers decreases,then the:
A)
Q76: Some individuals choose to undertake risky prospects
Q77: If an increase in the price of
Q78: If income increases,then the:
A) budget line rotates
Q79: The equilibrium consumption bundle is:
A) the bundle
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