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Author Question: If an individual's income increases A) the person's indifference curves shift outward in a ... (Read 80 times)

Bernana

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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