-If a Budget Line Rotates Inward and Becomes Steeper, Then

question 3

Multiple Choice

-If a budget line rotates inward and becomes steeper, then the

• A) consumer's budget increased.
• B) price of one of the goods increased.
• C) price of one of the goods decreased.
• D) price of both of the goods must have decreased.
• E) consumer's budget decreased.

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Definitions:

Interrelated Processes

Connected or related operations or sequences that influence one another and contribute to a larger system or result.

Example

A representative instance or case that is typical of a group or set of a larger concept, used to illustrate or explain a principle or process.

Modeling

The process of learning behavior by observing and imitating others.

Reward Consequences

The outcomes or benefits that follow from actions, often used as a method to reinforce positive behavior.