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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1192664
Introduction to Economics 1 Deneme Sınavı Sorusu #1192664
How does an increase in income effects the budget constraint?
Budget constraint shifts to right. |
Budget constraint's slope increases. |
Budget constraint is not affected. |
Budget constraint's slope decreases. |
Budget constraint shifts to left. |
Yanıt Açıklaması:
the budget line shows all of the combinations of quantities of X and Y that a consumer can purchase. An increase in income causes the budget line to shift outward (right), parallel to the original line.
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