Author Question: In the figure above, an increase in income would result in the budget line A) making a parallel ... (Read 82 times)

plus1 · **on:** Jun 29, 2018

In the figure above, an increase in income would result in the budget line

A) making a parallel shift toward point a.
B) making a parallel shift toward point c.
C) becoming flatter.
D) becoming steeper.

Question 2

If an external cost exists, then who bears the external cost in an unregulated competitive market transaction?

A) nobody
B) the federal government
C) someone other than the producers
D) the buyers of the product