If a parallel shift rightwards of the budget constraint makes the household work more, then which of the assumptions is violated: Households prefer more to less. Consumption and leisure are normal goods. None is being violated. O The consumer likes diversity in his or her consumption bundle.
If a parallel shift rightwards of the budget constraint makes the household work more, then which of the assumptions is violated: Households prefer more to less. Consumption and leisure are normal goods. None is being violated. O The consumer likes diversity in his or her consumption bundle.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 1SQP
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![If a parallel shift rightwards of the budget constraint makes the household
work more, then which of the assumptions is violated:
Households prefer more to less.
Consumption and leisure are normal goods.
None is being violated.
The consumer likes diversity in his or her consumption bundle.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3725565e-8036-4576-ae04-b92186721767%2Fa84f9133-1bfd-4229-a2d6-f61587637fda%2F4h7km35j_processed.png&w=3840&q=75)
Transcribed Image Text:If a parallel shift rightwards of the budget constraint makes the household
work more, then which of the assumptions is violated:
Households prefer more to less.
Consumption and leisure are normal goods.
None is being violated.
The consumer likes diversity in his or her consumption bundle.
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