Question: Just the answer please, no need to show the work. Suppose there are two goods, the prices of both goods arepositive and a consumer's income
Just the answer please, no need to show the work.
Suppose there are two goods, the prices of both goods arepositive and a consumer's income is also positive. If theconsumer's income doubles and the price of both goods triple,
the consumer's budget line gets steeper and shifts inward. | ||
the slope of the consumer's budget line does not change but thebudget line shifts outward away from the origin. | ||
the slope of the consumer's budget line does not change but thebudget line shifts inward toward the origin. | ||
the consumer's budget line gets steeper and shifts outward. |
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