Use the Following to Answer Question

question 156

Multiple Choice

Use the following to answer question:
-(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line.A decrease in income would:

• A)rotate the budget line,changing the intercept on the horizontal axis.
• B)shift the budget line to the left.
• C)rotate the budget line,changing the intercept on the vertical axis.
• D)shift the budget line to the right.

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Definitions:

Collusion

A secret agreement or cooperation between two or more parties for a deceitful, illegal, or fraudulent purpose.

Duty of Performance

An obligation in contract law requiring parties to complete their contractual obligations.

Agency Agreement

A legal contract creating a fiduciary relationship whereby the first party ("the principal") agrees that the actions of a second party ("the agent") binds the principal to later agreements made by the agent as if the principal had himself personally made the later agreements.

Gratuitous Basis

A voluntary action carried out without the expectation of payment or compensation.