An increase in a consumer's income creates a
A) rightward parallel shift of the budget line.
B) leftward parallel shift of the budget line.
C) rightward rotation of the budget line, so that the budget line becomes steeper.
D) leftward rotation of the budget line, so that the budget line becomes steeper.
A
Economics
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When price falls in a perfectly competitive industry, each firm will
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The tax burden falls more heavily on the side of the market that is more inelastic
a. True b. False Indicate whether the statement is true or false
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