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Home Q & A Board Other Fields Homework Help Business Economics
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mdagenh1 mdagenh1
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5 years ago

Question 1.

If a household's income is cut in half, its budget constraint will



▸ shift out parallel to the old one.

▸ pivot at the Y-intercept.

▸ shift in parallel to the old one.

▸ be unaffected.

Question 2.

If a household's income rises by 30%, its budget constraint will



▸ shift out parallel to the old one.

▸ pivot at the Y-intercept.

▸ shift in parallel to the old one.

▸ be unaffected.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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JlynnJlynn
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5 years ago
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mdagenh1 Author
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5 years ago
You make an excellent tutor!
gmiannotti
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Yesterday
Good timing, thanks!
kaytee23
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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