As long as all prices remain constant, an increase in money income results in (A) an increase in the slope of the budget line. (B) a decrease in the slope of the budget line. (C) an increase in the intercept of the budget line. (D) a decrease in the intercept of the budget line.

/in /by

As long as all prices remain constant, an increase in money income results in (A) an increase in the slope of the
budget line. (B) a decrease in the slope of the budget line. (C) an increase in the intercept of the budget line. (D) a
decrease in the intercept of the budget line.

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Elasticity of demand will in decrease when?
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