If an individual's income increases
A) the person's indifference curves shift outward in a parallel manner.
B) the person's budget line shifts outward in a parallel manner.
C) there will be no impact on the individual's budget line or indifference curves.
D) None of the above answers is correct.
Question 2
The figure above shows the demand and supply of dollars in the foreign exchange market. The equilibrium in the market occurs at a price of ________ Brazilian reals per dollar and a quantity of ________ billion dollars.
A) 2.0; 100
B) 2.4; 120
C) 1.6; 100
D) 100; 2.0
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