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Question Practice

If a consumer's income doubles, what happens to their budget set if prices remain constant?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Theory Of Consumer Behaviour
Question Bank

If a consumer's income doubles...

Single Answer MCQ
Q-00089350

If a consumer's income doubles, what happens to their budget set if prices remain constant?

1

It becomes half

2

It remains the same

3

It expands by a factor of two

4

It contracts

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