An Increase in an Individual's Income Without Changing Relative Prices

question 1

Multiple Choice

An increase in an individual's income without changing relative prices will

• A)rotate the budget constraint about the X-axis.
• B)shift the indifference curves outward.
• C)shift the budget constraint outward in a parallel way.
• D)rotate the budget constraint about the Y axis.

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Definitions:

Stakeholders

Individuals or groups with an interest in the success or performance of an organization, project, or outcome.

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