An Indifference Map Shows the Optimal Consumption Bundle of a Consumer

question 67

Multiple Choice

An indifference map shows the optimal consumption bundle of a consumer for two goods A and B.Which of the following factors would lead to a parallel shift of the budget line allowing the consumer to reach a higher indifference curve?

• A)A fall in the price of good A
• B)A parallel outward shift of the consumer's indifference curve
• C)An increase in the consumer's income
• D)A fall in the price of good B

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