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When the income of consumer increases then budget line will:

A. Get steeper

B. Shift parallel to right

C. To get flatter

D. To shift upward

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The marginal revenues are derivatives of:
  2. The Hicksian demand curve includes:
  3. A monopoly producer usually earns:
  4. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  5. A firm is a sum of persons who convert:
  6. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  7. All of the following are capital resources except:
  8. The long run total cost is attained by:
  9. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  10. Along an isoquant, output remains same, and capital labor ratio:
  11. If the price of product increases and in the result the demand for product B also increases then:
  12. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  13. The reaction curve of a firm is attained by joining the:
  14. Entry of new firms into a competitive market will shift the supply curve of the:
  15. Under monopoly and imperfect competition MC is:
  16. The demand of the luxuries is:
  17. The fixed cost of a firm:
  18. Who stated explicitly for the first time the Law of Camparative Costs?
  19. Rotten eggs are:
  20. Marshallian approach is also known as:
  21. From analysis, it is clear that both Marshal and Walras market models are:
  22. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  23. Profits of a firm will be calculated taking into account the units produced and the difference between:
  24. In the case of an inferior good, the income effect:
  25. At a point above the middle of a straight line demand curve, elasticity of demand is:
  26. In the case of superior (normal) commodity, the income elasticity of demand is:
  27. When total product increases at a decreasing rate:
  28. The short-run supply curve of the perfectly competitive firm is given by:
  29. Gold is bought and sold in a:
  30. In Edgeworth model, price remains: