If the Price of the Good Measured on the Horizontal

question 29

Multiple Choice

If the price of the good measured on the horizontal axis increases,the budget line

• A)becomes steeper.
• B)shifts leftward and becomes steeper.
• C)shifts leftward and parallel to the original budget line.
• D)shifts rightward and parallel to the original budget line.
• E)becomes flatter.

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Definitions:

Subsequent Holder

An individual or entity that acquires a negotiable instrument, like a check or promissory note, after it has been issued or transferred.

Transfer Warranties

Legal assurances given by a seller to a buyer regarding the title, quality, and condition of goods or property being sold.

Check-Collection

The process of receiving and processing checks to obtain payment from the banking institutions on which they are drawn.

Disclaimed

Refused to acknowledge or accept something, especially legal claims or responsibility.