Suppose That Good X Is on the Horizontal Axis and All

question 57

Multiple Choice

Suppose that good X is on the horizontal axis and all other goods (measured in dollars) are on the vertical axis in the consumer-choice diagram.If the consumer gains $10 in income,then

• A) the new budget line is parallel to and lies 10 units to the left of the old budget line.
• B) the budget line shifts up by 10 dollars,with no change in the slope.
• C) the vertical intercept of the budget line shifts up by $10,but the horizontal intercept remains unchanged.
• D) the slope of the budget line increases by 10 percent.

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