George Has a Weekly Income (I)of $50,which He Uses to Purchase

question 81

Multiple Choice

George has a weekly income (I) of $50,which he uses to purchase doughnuts (D) and coffee (C) .The price of a doughnut is $1 and the price of coffee is $2.50.Suppose George's income increases to $100 and the prices of both doughnuts and coffee remain unchanged.Given this income change,one would expect George's budget line to:

• A)shift to the right.
• B)shift to the left.
• C)rotate around the coffee axis point.
• D)not be affected.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and major decisions of a corporation.

Dividend Payment

The distribution of a portion of a company's earnings to its shareholders, usually in the form of cash or additional stock.

Quarterly Basis

Pertaining to or occurring every quarter of a year, often used in the context of financial reporting or dividend payments.