11)Which of the following describes what happens to a consumer's budget line if that consumer's budget increases? The budget line. A) becomes steeper. B) shifts farther away from the origin of the graph. C) does not change. D) becomes more horizontal. E) shifts closer to the origin of the graph
11)Which of the following describes what happens to a consumer's budget line if that consumer's budget increases? The budget line. A) becomes steeper. B) shifts farther away from the origin of the graph. C) does not change. D) becomes more horizontal. E) shifts closer to the origin of the graph
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 9SQP
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11)Which of the following describes what happens to a consumer's budget line if that consumer's budget increases? The budget line.
- A) becomes steeper.
- B) shifts farther away from the origin of the graph.
- C) does not change.
- D) becomes more horizontal.
- E) shifts closer to the origin of the graph
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