Which of the following describes what happens to a consumer's budget line if that consumer's budget increases? The budget line Options: A . &nbspbecomes steeper. B . &nbspshifts farther away from the origin of the graph. C . &nbspdoes not change. D . &nbspshifts closer to the origin of the graph.

Which of the following describes what happens to a consumer's budget line i

Question

Which of the following describes what happens to a consumer's budget line if that consumer's budget increases? The budget line

Options:

A . becomes steeper.

B . shifts farther away from the origin of the graph.

C . does not change.

D . shifts closer to the origin of the graph.

Answer: Option B
:
B
The budget line shifts farther away from the origin.

Was this answer helpful ?

Next Question

Question 1. All attainable combinations of Good-X and Good-Y are below the budget line of a consumer. State True or False.....

Question 2. A consumption point inside the budget line....

Question 3. Moving along an indifference curve....

Question 4. The fact that rubies are more expensive than milk reflects the fact that for most consumers....

Question 5. Which of the following is not concerned with the problem of choice....

Question 6. If production possibility frontier is linear it implies....

Question 7. The shape of transformation curve is changed by....

Question 8. When onion price hits hard, the poor man simply stops buying it. Which one of these is the correct explanation for this?....Which one of these is the correct explanation for this?

Question 9. Concavity of PPC implies:....

Question 10. Marginal Utility Curve is downward sloping. State True or False.....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0