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If a household's money income is doubled: a) the budget-(Answered)

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Question

If a household's money income is doubled:

a) the budget constraint will shift out parallel to the old one.

b) the budget constraint is not affected.

c) the budget constraint will shift in and parallel to the old one.

d) the budget constraint will swivel at the Y-intercept.

 

Paper#9209229 | Written in 27-Jul-2016

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