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Author Question: If a household's income falls by 10%, its budget constraint will (Read 105 times)

crobinson2013

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on: Apr 19, 2019

Question 1

If a household's income doubles, its budget constraint will


◦ shift out parallel to the old one.
◦ pivot at the Y-intercept.
◦ shift in parallel to the old one.
◦ be unaffected.

Question 2

If a household's income falls by 10%, its budget constraint will


◦ shift out parallel to the old one.
◦ pivot at the Y-intercept.
◦ shift in parallel to the old one.
◦ be unaffected.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by crobinson2013 on Apr 19, 2019

uniquea123

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Reply #1 on: Apr 19, 2019
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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crobinson2013

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Reply #2 on: Apr 19, 2019
Thanks


uniquea123

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Reply #3 on: Apr 19, 2019
Welcome :)


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