If Josh's Income Increases,then

question 108

Multiple Choice

If Josh's income increases,then

• A)His entire budget constraint will shift toward the origin.
• B)His entire budget constraint will shift away from the origin.
• C)His indifference curves will shift away from the origin.
• D)One end of his budget constraint will move away from the origin.

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Definitions:

Center

The midpoint or central point of a geometric shape or object.

Vertices

The points where two or more edges meet in a geometric shape or graph.

Center

The midpoint or origin in a coordinate system; also refers to the midpoint of a shape or object in geometry.

Method of Substitution

A technique used to solve systems of equations by solving one equation for one variable and then substituting that expression into the other equation(s).