Question

When income decreases, the budget line: shifts inward. shifts outward. rotates outward. rotates inward.

When income decreases, the budget line:
shifts inward.
shifts outward.
rotates outward.
rotates inward.

Homework Answers

Answer #1

Option A.

  • When the income decreases, the budget line shifts inward.
  • The budget line or a budget constraint illustrates the amount of goods and services a consumer can purchase with his current income.
  • The budget constraint and income are said to have direct relationship between themselves. When income decreases, the budget line shifts inwards as a person can only purchase fewer goods and services with his income, which shows that the budget constraint has also decreased with income.
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