Suppose a Consumer Can Purchase Only Two Goods, Pasta and Cheese

question 58

Multiple Choice

Suppose a consumer can purchase only two goods, pasta and cheese. Let the quantity of pasta be measured on the vertical axis and the quantity of cheese be measured on the horizontal axis. If the price of pasta falls, with no change in the price of cheese or in the consumer's money income, then the budget line for the consumer will shift

• A) outward parallel to the existing budget line.
• B) away from the origin and become steeper.
• C) away from the origin and become flatter.
• D) toward the origin and become steeper.
• E) toward the origin and become flatter.

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Definitions:

Nonwelded Texture

A characteristic of pyroclastic deposits where the individual particles are not fused together, indicating cooler temperatures during deposition.

Fine Particles

Tiny solid or liquid particles that are suspended in air or water, often referring to dust, soot, or other minute matter.

Vesicular Igneous Texture

An igneous rock texture characterized by the presence of vesicles, or small cavities, formed by trapped gas bubbles during solidification.