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kogti [31]
2 years ago
11

If a household's income rises by 30%, its budget constraint will A) shift out parallel to the old one. B) pivot at the Y-interce

pt. C) shift in parallel to the old one. D) be unaffected
Business
1 answer:
aliina [53]2 years ago
6 0

Answer:

A

Explanation:

A budget constraint is a graph that shows all the combination of goods a consumer can consume given  current prices and income of the consumer.

If income increases, the budget constraint will  shift out parallel to the old

If income decreases, budget constraint will  shift in parallel to the old one.

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