Suppose the Consumer's Income Increases While the Prices of the Goods

question 181

Multiple Choice

Suppose the consumer's income increases while the prices of the goods remain constant.Then the

• A)budget constraint shifts inward parallel to the original budget constraint.
• B)budget constraint shifts outward parallel to the original budget constraint.
• C)indifference curves shift outward away from the origin.
• D)indifference curves become flatter.

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Definitions:

Conscientiousness

A personality trait characterized by being diligent, careful, and organized.

Agreeableness

A personality trait that reflects a person's tendency to be compassionate, cooperative, and friendly toward others.

Narcissism

A psychological condition characterized by self-centeredness, a lack of empathy for others, and an excessive need for admiration.