When consumer income increases but the price of each good does not change what happens to the budget line? Multiple choice question. The budget line rotates along the x-axis. The budget line does not move. The budget line rotates along the y-axis. The budget line shifts right.A line that shows the different combinations of two goods that can be purchased with a given budget and at a known set of prices is called a(n) Multiple choice question. production possibilities frontier. demand curve indifference curve budget lineBecause of diminishing marginal utility indifference curves are Multiple choice question. convex to the origin. concave to the origin horizontal lines. upward-sloping