A Leftward Shift of a Consumer's Budget Line to a Position

question 242

Multiple Choice

A leftward shift of a consumer's budget line to a position parallel with the original one could indicate that the:

• A)price of one product has decreased in relation to the other.
• B)prices of both products have decreased in the same proportion.
• C)marginal utilities derived from both products have decreased.
• D)consumer's money income has increased but the prices of both products have increased proportionately more.

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Definitions:

Routine Request

A routine request is a standard or regular request for information, services, or action within an organization or between businesses.

Direct Approach

Message organization that starts with the main idea (such as a recommendation, a conclusion, or a request) and follows that with supporting evidence.

Main Idea

A specific statement about the topic of a message.

Deadlines

Specific dates or times by which tasks must be completed or submissions made.