An increase in money income with constant price results i...
An increase in money income with constant price results in
Outward shift in the budget line
Inward parallel shift in the budget line
Options A and C
Budget line remain constant
Correct answer is A
If the income of consumer changes (upward or downward), the aggregate satisfaction of the consumer would also change (upward or downward) provided the prices remain the same. An increase in consumers' income will shift the budget line outwards while a decrease in consumers' income will shift the budget line inward.
A summary of all the receipts and payments of a country in international transaction is called ...
What is the median quantity? ...
All the under listed factors directly affects the supply of a commodity except ...
If the coefficient of price elasticity of supply is greater than one, the supply is said to be ...
Occupational mobility as applied to factors of production means the ease by which ...
From the graph above the consumer will attain equilibrium at point______________ ...
Which of the following is an implication of a large population? ...
Money is able to function more as a medium of exchange when ...
Which of the following is a motive for holding money? ...
In a public company, entrepreneural function are performed by the ...