This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a household's income rises by 30%, its budget constraint will (Read 69 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Apr 19, 2019

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.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Mimi on Apr 19, 2019

Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


Mimi

  • Member
  • Posts: 542
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Anxiety rises as needs are not met. Without resolution, anxiety may lead to frustration, and then, ... Anxiety rises as needs are not met. Without resolution, anxiety may lead to frustration, and then, ...
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Percentage of higher-income Canadian households Percentage of higher-income Canadian households
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library