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Which of the following statements is CORRECT A decrease in income;.pdf

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Which of the following statements is CORRECT? A decrease in income; will shift the budget constraint outward, while it will not change the slope of the budget constraint. will shift the budget constraint inward, while it will not change the slope of the budget constraint. will shift the budget constraint inward, while it will decrease the slope of the budget constraint. will shift the utility function inward, while it will increase.

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Which of the following statements is CORRECT? A decrease in income; will shift the budget constraint outward, while it will not change the slope of the budget constraint. will shift the budget constraint inward, while it will not change the slope of the budget constraint. will shift the budget constraint inward, while it will decrease the slope of the budget constraint. will shift the utility function inward, while it will increase

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Which of the following statements is CORRECT A decrease in income;.pdf

  • 1. Which of the following statements is CORRECT? A decrease in income; will shift the budget constraint outward, while it will not change the slope of the budget constraint. will shift the budget constraint inward, while it will not change the slope of the budget constraint. will shift the budget constraint inward, while it will decrease the slope of the budget constraint. will shift the utility function inward, while it will increase