If a consumer’s income decreases, in what way will the budget constraint for cola and pizza change?

Question

Accepted Answer

It will shift inward, parallel to the old budget constraint.

Answer

It will shift outward, parallel to the old budget constraint.

Answer

It will rotate outward toward pizza because the consumer can afford more pizza.

Answer

It will rotate outward toward cola because the consumer can afford more cola.

Answer

None of the above.

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