Q5. Increases in income shift the constraint outward in a parallel manner, thereby enlarging the and improving choice. A. Production set B. consumption set C.
Q5. Increases in income shift the constraint outward in a parallel manner, thereby enlarging the and improving choice. A. Production set B. consumption set C. budget set Q6. Decreases in income m shift the constraint inward in a parallel manner, thereby shrinking the and reducing choice. A. budget set B. consumption set C. production set
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