If the Slope of the Budget Line Changes, There MUST

question 67

Multiple Choice

If the slope of the budget line changes, there MUST have been

• A) a change in the price of both goods.
• B) a change in the price of at least one good.
• C) an increase in the consumer's income.
• D) a change in the consumer's preferences.
• E) None of these could cause a change in the slope of the budget line.

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Definitions:

Underdevelopment

A condition characterized by a lack of economic growth, inadequate social services, and poverty, often referring to countries with a low standard of living and industrial capacity.

Tissue

A group of similar cells and their extracellular matrix that together perform specific functions within an organism.

Organ

A part of the body that performs a specific function or functions, such as the heart, liver, or lungs.

Body

The physical structure of a person or an organism, comprising the bones, muscles, skin, and organs.