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.

---

Definitions:

Selective Demand

Consumer demand for specific brands or products rather than the general product category.

Multitouch Screens

Display technology that recognizes and responds to multiple simultaneous touchpoints, allowing for more complex interactions.

Product Life Cycle

A concept that describes the stages a product goes through from introduction to growth, maturity, and eventual decline in the market.

Desktop PCs

A type of personal computer designed to be stationary, usually sitting on or under a desk, and used for a variety of tasks such as gaming, work, or web browsing.