Which of the following is likely to occur if a consumer's income declines with no change in the price level?

Name: Which of the following is likely to occur if a consumer's income declines with no change in the price level?
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Question

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When a consumer's income declines with no change in the price level, they have less purchasing power, leading them to shift to a lower indifference curve where they can afford fewer goods or a different combination of goods that reflects their new budget constraint.

Which of the Following Is Likely to Occur If a Consumer's