The Diagram Below Shows a Set of Budget Lines Facing

question 33

Multiple Choice

The diagram below shows a set of budget lines facing a household. FIGURE 6- 7
-Refer to Figure 6- 7. The movement of the budget line from ab to db could be caused by

• A) a decrease in the price of housing.
• B) a decrease in the price of food.
• C) an increase in the price of housing.
• D) an increase in the price of food.
• E) a decrease in money income.

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Definitions:

Solicited Proposal

A proposal submitted in response to a specific request made by an entity seeking solutions or services.

Proposal

A plan or suggestion, especially a formal or written one, put forward for consideration or discussion by others.

Closing Section

The final part of a document or communication that summarizes the content and may offer next steps or a call to action.

Business Report

A formal document that presents information and analysis to assist in decision-making within a business context.