Question

A consumer buys only normal goods. What is the effect of a decrease in income on the consumer's budget line and the demand curve for a normal good? Question content area bottom Part 1 A decrease in income _______. A. shifts the budget line leftward and shifts the demand curve leftward B. decreases the slope of the budget line and creates a movement upward along the demand curve C. shifts the budget line leftward and creates a movement upward along the demand curve D. decreases the slope of the budget line and shifts the demand curve leftward

          A consumer buys only normal goods. What is the effect of a decrease in income on the consumer's budget line and the demand curve for a normal good?
Question content area bottom
Part 1
A decrease in income _______.
A.
shifts the budget line leftward and shifts the demand curve leftward
B.
decreases the slope of the budget line and creates a movement upward along the demand curve
C.
shifts the budget line leftward and creates a movement upward along the demand curve
D.
decreases the slope of the budget line and shifts the demand curve leftward

Added by Yvonne H.

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