• Card 11 / 15: 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.

    Answer:
    C) an increase in the intercept of the budget line.

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NET JRF Mock Test #1: Microeconomics

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