Exhibit 6-30 -Consider Exhibit 6-30. Assume That You Initially Have $600 to Have

question 32

Multiple Choice

Exhibit 6-30
-Consider Exhibit 6-30. Assume that you initially have $600 to spend on books and compact disks. What happens if the amount you have to spend increases to $800?

• A) The budget line shifts inward along the horizontal axis.
• B) The budget line shifts inward along the vertical axis.
• C) The budget line shifts outward along the horizontal axis and the vertical axis.
• D) The budget line shifts outward along the vertical axis.
• E) The budget line shifts outward along the horizontal axis.

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A clear and definitive promise or guarantee made by a seller about the condition or functionality of a product.

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A high-definition display that provides superior image resolution and clarity compared to standard definition screens.

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A persuasive presentation or argument made by a salesperson to induce someone to buy a product or service.

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