A consumer has $100 to be spent on tables and chairs. If his income increases to $200, the prices of the goods remaining unchanged, his budget constraint:
A) pivots to the left along the vertical axis.
B) pivots to the right along the horizontal axis.
C) shifts to the left.
D) shifts to the right.
D
Economics
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Which is NOT true of Globalization
A. it refers to increasing economic and cultural interdependency amongst countries B. it results in the financial ruin of some countries C. it potentially increases economic well-being among all countries involved D. it results in increasing competition, specialization, transmission of ideas.
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Is the developing world moving toward centralized planning or free markets? Justify your answer
What will be an ideal response?
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