When Income Decreases, All Else Held Constant, Which of the Following

question 61

Multiple Choice

When income decreases, all else held constant, which of the following occurs?

• A)Demand for an inferior good decreases.
• B)The slope of the highest attainable indifference curve changes.
• C)The budget line shifts out from the origin.
• D)Total utility decreases.
• E)Total utility increases.

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Definitions:

Metatarsals

The five long bones in the foot located between the ankle and toes, crucial for walking and movement.

Foramen

A natural opening or passage, especially in a bone, through which blood vessels, nerves, or ligaments may pass.

Fissure

A small tear in the lining of an organ, such as the skin or the lining of the anus.

Sinus

Cavities or air spaces within the bones of the skull and face that are connected to the nasal cavities, playing roles in respiration and the production of mucus.