A Decrease in Income Will Cause a Consumer's Budget Constraint

question 440

Multiple Choice

A decrease in income will cause a consumer's budget constraint to

• A)shift outward, parallel to its initial position.
• B)shift inward, parallel to its initial position.
• C)pivot along the horizontal axis.
• D)pivot along the vertical axis.

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Definitions:

Communication Channel

The medium through which a message is transmitted from sender to receiver, such as verbal, nonverbal, written, or digital.

Electronically Mediated Communication

The exchange of information or messages between individuals through electronic devices, such as computers or phones, over the internet or other networks.

Effective And Appropriate

Refers to actions or responses that are not only successful in achieving their purpose but also suitable for the context in which they are applied.

Disadvantages

The negative aspects or conditions that put someone or something at a disadvantage or hinder their effectiveness.