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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1214049
Introduction to Economics 1 Deneme Sınavı Sorusu #1214049
Which of the following statement is correct when there is an increase in money income?
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Increases in money income increases both the intercept of the budget line and its slope. |
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Increases in money income increase the intercept of the budget line, but do not affect its slope. |
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Increases in money income decreases both the intercept of the budget line and its slope. |
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Increases in money income increase the intercept of the budget line, but decrease its slope. |
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Increases in money income do not affect the intercept of the budget line and its slope. |
Yanıt Açıklaması:
Budget Constraint
Increases in money income increase the intercept of the budget line, but do not affect its slope.
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