If the Consumer's Income and All Prices Simultaneously Double, Then

question 178

Multiple Choice

If the consumer's income and all prices simultaneously double, then the optimum consumption bundle will

• A)shift outward relative to the original optimum.
• B)move leftward along the original budget constraint.
• C)not change.
• D)shift inward relative to the original optimum.

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Definitions:

The Recall

A procedure that allows citizens to remove and replace a public official before the end of their term of office.

The Passing

The process or act of moving through or beyond an obstacle, or the act of deceiving by presenting oneself as someone or something else.

Madison Grant

An American lawyer, historian, and author known for his work in conservation and for his controversial views on race and eugenics in the early 20th century.

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A term referring to the Germanic inhabitants of England between the 5th and 11th centuries, and often used in wider contexts relating to English history and culture.