Business, 25.02.2021 18:50, avanelson01
Other things equal, an increase in a consumer's money income:
a) causes the consumer to choose a different combination of goods along a given budget line.
b) shifts the individual's budget line rightward because she can now purchase more of both products.
c) increases the amount of utility a consumer receives from a given quantity of a good.
d) eliminates the individual's economizing problem.
Answers: 2
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Other things equal, an increase in a consumer's money income:
a) causes the consumer to choose a di...
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