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If the consumer's income increases The budget line will swing outward slope will become shallower The budget line will swing inward slope will become steeper The budget line will shift

If the consumer's income increases, a. The budget line will swing outward (slope will become shallower). b. The budget line will swing inward (slope will become steeper). c. The budget line will shift out parallel to the old budget line (the slope will be unchanged). d. The budget line will shift inward parallel to the old budget line (the slope will be unchanged). e. The indifference curves will change shape.

May 15 2020 View more View Less

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