An increase in a consumer’s income: shifts the consumer’s indifference curves aw

Question

An increase in a consumer’s income:

shifts the consumer’s indifference curves away from the origin.

causes the consumer to strictly buy more of every good.

shifts the consumer’s budget constraint away from the origin.

causes the consumer to stop working.

causes the consumer to buy more inferior goods.

shifts the consumer’s indifference curves away from the origin.

causes the consumer to strictly buy more of every good.

shifts the consumer’s budget constraint away from the origin.

causes the consumer to stop working.

causes the consumer to buy more inferior goods.

Explanation / Answer

Option C.

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