A Change in the Price of the Good Measured on the Horizontal

question 113

Multiple Choice

A change in the price of the good measured on the horizontal axis changes ________ of the budget line.

• A)the slope and y-intercept
• B)the slope and x-intercept
• C)the x- and y-intercepts but not the slope
• D)only the slope
• E)only the x-intercept

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Definitions:

Courageous

Possessing or displaying bravery and willingness to face fear, danger, or difficulty.

Psychological Egoism

The theory that suggests that all human actions are motivated by self-interest, even when appearing to be altruistic.

Ethical Egoism

A moral philosophy arguing that individuals should act in their own self-interest and that this is the foundation of morality.

Ought

expresses duty, correctness, or advisability, typically concerning moral obligation or desirable actions.