An individual's income increases, while all other factors remain unchanged. How will this affect the position of the budget constraint relative to the indifference curves?
The budget constraint will shift outwards, allowing the individual to reach higher indifference curves.
The budget constraint will remain unchanged, as income has no impact on consumption possibilities.
Baroque art features strong contrasts, while Rococo art prefers more subtle transitions
Baroque art is generally larger in scale than Rococo art
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