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

question 88

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 drops to $25 and the prices of doughnuts and coffee each fall to one-half their initial prices.One would expect George's budget line to:

• A)shift to the right.
• B)shift to the left.
• C)rotate around one of the axes,but we cannot tell which one.
• D)stay the same.

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Definitions:

Blunted Affect

A significant reduction in the intensity of emotional expression, often observed in individuals with certain psychological conditions.

Catatonic Stupor

A state of immobility and unresponsiveness lasting for long periods, often found in severe mental illnesses.

Documentary

A non-fictional film or television program that documents reality, primarily for the purposes of instruction, education, or maintaining a historical record.

Delusions

Fixed, false beliefs that are resistant to reason or confrontation with actual facts, often observed in psychiatric disorders such as schizophrenia.