-In the Figure Above, Suppose the Original Budget Line Is

question 290

Multiple Choice

-In the figure above, suppose the original budget line is BD. A rise in the price of a compact disc will

• A) rotate the budget line to AD.
• B) rotate the budget line to CD.
• C) not move the budget line.
• D) result in a parallel leftward shift of the budget line.

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Definitions:

Labor Market

The supply of available workers in relation to available employment.

Union Effective

The degree to which a labor union is able to improve working conditions, wages, and benefits for its members.

Fixed Capital

Assets with long-term use in the production process, such as buildings, machinery, and equipment, which are not consumed in the production but are essential for it.