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A government program pays a $100 cash grant per week. People who work, however, do not qualify for the program. (The price of consumption is
A government program pays a $100 cash grant per week. People who work, however, do not qualify for the program. (The price of consumption is $1 per unit.) The cash grant Question 14Answer a. shifts up the endowment point by 100 units per week but does not affect any other point on the budget line b. increases the slope of the budget line c. shifts up the budget line by 100 units per week but does not affect the the endowment point d. None of the answers is correct. e. steepens the set of indifference curves
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