An Increase in Income

question 59

Multiple Choice

An increase in income

• A)causes a change in consumer preferences.
• B)causes total utility to increase.
• C)does not shift a consumer's demand.
• D)is assumed to have no effect on consumer expenditures.
• E)has no effect on a consumer's budget constraint.

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Definitions:

Cognitive Problems

Difficulties with processes related to thinking, including memory, perception, problem-solving, and decision-making.

Real Relationships

Authentic connections between individuals, characterized by honesty, trust, and mutual respect.

Animism

The attribution of life and intentionality to inanimate objects.

Artificialism

The belief in developmental psychology that aspects of the environment and events are controlled by human or superhuman agents.