A Budget Line Will Shift Outward and Not Change Its

question 63

Multiple Choice

A budget line will shift outward and not change its slope if

• A) the consumer's preferences change.
• B) there is an increase in the consumer's budget.
• C) the price of one good changes.
• D) the price of both goods increase by the same percentage.
• E) None of the above shift the budget line outward.

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Definitions:

Neutrons

Electrically neutral subatomic particles found in the nucleus of an atom, contributing to the atom's mass but not its charge.

Isotope

Variants of a particular chemical element which differ in neutron number, and subsequently in mass, but share the same number of protons.

Protons

Subatomic particles found in the nucleus of every atom, possessing a positive electric charge.

V

Commonly known as the symbol for vanadium, a chemical element with atomic number 23, recognized for its corrosion resistance and various applications in alloys.