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Author Question: Consider a household's budget line. An equal and proportional increase in money income and all money ... (Read 71 times)

Dannyrod2

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on: Oct 12, 2022

Question 1

Consider a household's budget line. If money income is reduced by half, and the prices of all goods consumed by the household are reduced by half, the budget line will
◦ not change.
◦ shift outward.
◦ become steeper.
◦ shift inward.
◦ become flatter.

Question 2

Consider a household's budget line. An equal and proportional increase in money income and all money prices will
◦ shift the budget line to the left parallel to the original budget line.
◦ leave the position of the budget line unchanged.
◦ rotate the budget line inward from the horizontal axis.
◦ shift the budget line to the right parallel to the original budget line.
◦ rotate the budget line inward from the vertical axis.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Dannyrod2 on Oct 12, 2022

KeriJennin

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Reply #1 on: Oct 12, 2022
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.
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Dannyrod2

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Reply 2 on: Oct 12, 2022
:D TYSM

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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