An increase in income, holding prices constant, can be represented as: Group of answer choices a parallel outward shift in the budget line. a parallel inward shift in the budget line. a change in the slope of the budget line. an outward shift in the budget line with its slope becoming flatter.

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada