If a household's money income is doubled: Select one: O a. the budget constraint will shift in and parallel to the old one O b. the budget constraint is not affected Oc. the budget constraint will...

Extracted text: If a household's money income is doubled: Select one: O a. the budget constraint will shift in and parallel to the old one O b. the budget constraint is not affected Oc. the budget constraint will swivel at the Y-intercept O d. the budget constraint will shift out parallel to the old one


Extracted text: What would happen to the equilibrium price and quantity in the market for oak tables if the price of maple tables rises, the price of oak wood rises, more buyers enter the market for oak tables, and the price of the glue used in the production of the new oak tables increased? Select one: O a. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. O b. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. O c. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. O d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous. e. Equilibrium price increases and equilibrium quantity decreases