Use the Following to Answer Questions

question 55

Multiple Choice

Use the following to answer questions:
Figure: Budget Constraint
-(Figure: Budget Constraint) Refer to the figure. If the price of sneakers rises, then the budget constraint in the figure will:

• A) not change.
• B) become steeper.
• C) become flatter.
• D) shift to the left.

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Definitions:

Unaccountable Consumerism

A critique of consumer behavior that stresses the lack of responsibility in the excessive acquisition of goods, disregarding the environmental and social consequences.