Which of the Following Describes What Happens to a Consumer's

question 25

Multiple Choice

Which of the following describes what happens to a consumer's budget line if that consumer's budget increases?

• A) The budget line becomes more horizontal.
• B) The budget line becomes steeper.
• C) The budget line shifts further away from the origin of the graph.
• D) The budget line shifts closer to the origin of the graph.
• E) The budget line does not change.

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Definitions:

Material Fact

A fact that, if known, could influence a decision maker's actions or decisions, especially in legal contexts.

Genuinely Agree

Indicates a sincere concordance or acceptance between parties without hidden disagreements.

Defense

Legal strategies and arguments presented to protect, justify, or exonerate a defendant in a legal proceeding.

Misrepresentation

An untrue assertion made by one party to another that influences the latter to enter into a contract.