Assume That Anna Buys Peanut Butter and Bread

question 6

Multiple Choice

Assume that Anna buys peanut butter and bread.If the price of peanut butter falls,then

• A)One end of her budget constraint will move away from the origin.
• B)Her entire budget constraint will shift toward the origin.
• C)Her entire budget constraint will shift away from the origin.
• D)Her indifference curves will shift away from the origin.

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Definitions:

E-mail Message

Digital correspondence sent through the internet from one computer user to one or more recipients.

Bargained-for Exchange

An element of a contract where both parties exchange something of value.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Consideration

In contract law, it refers to something of value exchanged between parties as part of an agreement.