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When an individuals income increases, the budget c.pdf

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When an individual's income increases, the budget constraint: Multiple Chotce rotates in and becomes steeper. shifts straight in, maintaining the sarne slope. rotetes out and becomes fatter shifts straght out, maintaning the same slope.

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When an individual's income increases, the budget constraint: Multiple Chotce rotates in and becomes steeper. shifts straight in, maintaining the sarne slope. rotetes out and becomes fatter shifts straght out, maintaning the same slope

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  • 1. When an individual's income increases, the budget constraint: Multiple Chotce rotates in and becomes steeper. shifts straight in, maintaining the sarne slope. rotetes out and becomes fatter shifts straght out, maintaning the same slope