A Change in the Price of the Good Measured on the Vertical

question 101

Multiple Choice

A change in the price of the good measured on the vertical axis changes ________ of the budget line.

• A)the slope and y-intercept
• B)the slope and x-intercept
• C)the x- and y-intercepts but not the slope
• D)only the slope
• E)only the y-intercept

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Definitions:

Automatic Evaluations

Assessments or judgments made without conscious thought, often based on learned associations.

Stimuli

External events or occurrences that evoke responses or reactions.

Unconscious Evaluations

Assessments or judgments made without conscious awareness, often influencing preferences, decisions, and behaviors based on implicit biases.

Mere Exposure Effect

The tendency for people to come to like things simply because they see or encounter them repeatedly.