If a consumer's income decreases,what will happen to the budget line?
A) It will shift outward.
B) It will become steeper.
C) It will become flatter.
D) It will shift inward.

Name: If a consumer's income decreases,what will happen to the budget line? A) It will shift outward. B) It will become steeper. C) It will become flatter. D) It will shift inward.
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Question

Quizplus · Accepted Answer

When a consumer's income decreases, the budget line shifts inward because they are able to afford fewer goods and services at every price level.

If a Consumer's Income Decreases,what Will Happen to the Budget