When a consumer earns a higher income, it rotates the budget line outward around the point where it intersects the x-axis. rotates the budget line outward around the point where it intersects the y-axis. shifts the budget line inward and does not change its slope. rotates the budget line inward around the point where it intersects the x-axis. shifts the budget line outward and does not change its slope.

When a consumer earns a higher income, it rotates the budget line outward around the point where it intersects the x-axis. rotates the budget line outward around the point where it intersects the y-axis. shifts the budget line inward and does not change its slope. rotates the budget line inward around the point where it intersects the x-axis. shifts the budget line outward and does not change its slope.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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