Kizspy | Question: 45
(Choose 1 answer)
Which of the following statements is correct?
A. An increase in income will cause a consumer's budget constraint to shift outward, parallel to its initial position.
B. An increase in income will cause a consumer's budget constraint to shift inward, parallel to its initial position.
C. An increase in income will cause a consumer's budget constraint to pivot around the horizontal axis.
D. An increase in income will cause a consumer's budget constraint to pivot around the vertical axis.
