Author Question: If an individual's income increases A) the person's indifference curves shift outward in a ... (Read 67 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
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



ebe

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

For a complete list of videos, visit our video library