If the Budget Constraint Shifts Northeast or Away from the Origin

question 68

Multiple Choice

If the budget constraint shifts northeast or away from the origin, the consumer can afford:

• A) fewer bundles.
• B) the same set of bundles.
• C) more bundles.
• D) sometimes fewer bundles, sometimes more bundles, and sometimes the same number of bundles.

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Definitions:

Retail Store

A business establishment that sells goods or services directly to end consumers.

Social Entrepreneur

Person who recognizes societal problems and uses business principles to develop innovative solutions.

Underprivileged Children

Young individuals lacking in advantages, opportunities, and resources commonly available to those in more affluent communities.

Not-For-Profit

An organization or entity that does not distribute its surplus funds to owners or shareholders but uses them to help achieve its goals, usually of a public or social nature.