Jon's Income-Consumption Curve Is a Straight Line from the Origin

question 108

Multiple Choice

Jon's income-consumption curve is a straight line from the origin with a positive slope. Now suppose that Jon's preferences change such that his income-consumption curve remains a straight line but rotates 15 degrees clockwise. Jon's demand curve for the good on the horizontal axis

• A) will shift left.
• B) will shift right.
• C) will not change.
• D) might do any of the above.

---

Definitions:

Specialty Areas

Specific fields or areas of expertise within a broader discipline or industry.

Identify

To recognize and name someone or something based on their characteristics or qualities.

Efficiency Teams

Groups of individuals working together to optimize processes, reduce waste, and improve productivity within an organization.

Foster Innovation

The process of encouraging and nurturing creative thinking and new ideas to drive growth and development.