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Which of the following corresponds to an increase in income? The budget constraint will shift inward in a non-parallel fashion

Economics

Which of the following corresponds to an increase in income?

  • The budget constraint will shift inward in a non-parallel fashion.
  • The budget constraint will make a parallel shift outward.
  • The budget constraint will make a parallel shift inward.
  • The budget constraint will shift outward in a non-parallel fashion

Option 1

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