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.

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 5SQ

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