Description of this paper

Loading

As long as all prices remain constant, an increase in money-(Answered)

Description

Instant Solution ? Click "Buy button" to Download the solution File


Question

As long as all prices remain constant, an increase in money income results in

a) an increase in the slope of the budget line.

b) a decrease in the slope of the budget line.

c) an increase in the intercept of the budget line.

d) a decrease in the intercept of the budget line.

e) both (a) and (c).

 

Paper#9209086 | Written in 27-Jul-2016

Price : $19
SiteLock