Problem
Choose two normal goods and draw a budget constraint illustrating the trade-off between them. Show how the budget line shifts if income increases. Arbitrarily choose a point on the first budget line as the point a particular consumer will select. Now find two points on the new budget line such that the new preferred choice of the consumer must fall between these points.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.