The figure above shows Ilene's budget line. If Ilene's income rises, her budget line will
A) rotate and become flatter.
B) rotate and become steeper.
C) shift rightward and its slope will not change.
D) shift leftward and its slope will not change.
C
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Which English colony was the first permanent settlement in America?
a. Roanoke b. Plymouth c. Jamestown d. Mexico e. Quebec
Cost-push inflation is caused by supply shocks like higher oil prices and poor weather conditions
a. True b. False Indicate whether the statement is true or false
A monopolist's profit is the product of the price charged by it and the quantity of output produced
a. True b. False Indicate whether the statement is true or false
What is the change in total welfare as a result of the tariff on shoes as shown in Exhibit 1?
a. loss of areas d, e, and f
b. loss of areas d and f
c. gain of area e
d. gain of area g