A decrease in income will cause a consumer's budget constraint to
a. shift outward, parallel to its initial position.
b. shift inward, parallel to its initial position.
c. pivot along the horizontal axis.
d. pivot along the vertical axis.
b
Economics
You might also like to view...
Refer to the scenario above. Which of the following is an optimal bid for Molly?
A) $836 B) $750 C) $825.50 D) $700
Economics
Economists speaking like policy advisers make
a. positive statements. b. descriptive statements. c. claims about how the world is. d. claims about how the world should be.
Economics