An increase in nonlabor income while holding the wage rate constant
A. rotates the budget line in along the leisure axis.
B. rotates the budget line in along the consumption axis.
C. rotates the budget line out along the leisure axis.
D. rotates the budget line out along the consumption axis.
E. shifts the budget line up while maintaining the same slope.
Answer: E
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What will be an ideal response?
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a. True b. False Indicate whether the statement is true or false
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