A Parallel Shift in the Consumer's Budget Line Must Indicate

question 110

Multiple Choice

A parallel shift in the consumer's budget line must indicate a change in

• A)at least one money price.
• B)money income.
• C)real income.
• D)tastes.
• E)both prices.

---

Definitions:

Par Value

Par value is the nominal or face value of a stock or bond as stated by the issuing company, which might not reflect its market value.

Financial Condition

Refers to the current state of a company's financial health and stability, often assessed through its assets, liabilities, revenue, and expenses.

Corporate Charter

A legal document that establishes a corporation's existence and outlines its rights, privileges, and limitations as granted by the state of incorporation.

Monetary Value

The value of an object or service based on the amount of money that it can be bought or sold for in the market.