Business, 04.01.2020 04:31 clairee002

Assume that a consumer purchases only two products and there is a decrease in the consumer's income. the prices of the two products stay constant. the decrease in income will result in
a. a change in the slope of the budget line
b. no change of the budget line
c. shift of the budget line inward to the left
d. shift of the budget line outward to the right

Answers: 2

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Assume that a consumer purchases only two products and there is a decrease in the consumer's income....

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